loader
Join Free
Views: 123 DOM: 207 Updated: 10.30.24 Posted: 05.28.24 Status: Active

Summary

Price $6,210,000
Built/Renov 2023
Tenant Starbucks
Cap Rate 4.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,442
Lease Start 02-15-2024
#Units 38,038
Price/SF $2,543.00
Expiration 02-28-2039
Tenant Type Fast Food/QSR
NOI $295,000
R. Term 14.2
Ownership Fee Simple
Rent/SF $120.80
Increases 10.0%/5/yrs
Pop 5Mi 821,168
Lot/AC 0.64
Options 3/5yrs/10%
AHHI 5Mi $75,677

Lease Highlights

  • Brand new 2023 construction
  • Starbucks recently executed a brand new 15-year lease with 3 (5-year) and 1 (4-year, 11 months) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized intersection of Eastern Avenue and Slauson Avenue, with access to a robust combined daily traffic count of 51,000 vehicles. The property is conveniently situated one mile from the 5 Freeway (240,000 VPD) and 710 Freeway (218,000 VPD). Additionally, it is situated within Commerce Office Park, which offers 2.5 million SF of office and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:38,038
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 16,480 248,085 745,703
2024 Total Population : 17,022 254,267 766,475
2024 Employed Civilian Pop : 7,853 115,516 346,960
2024 Total Businesses : 1,039 9,505 26,411
2024 Average Household Income : $ 76,402 $ 82,959 $ 91,901
2024 Total Consumer Spending : $ 306 M $ 5127 M $ 17417 M
2024 Median Age : 33 35 36
2024 Total Households : 4,572 70,610 217,278
2024 Pop Age 25+: Bachelor's Degree : 829 16,218 58,944
2024 Average Home Value : $ 617,200 $ 707,288 $ 743,480
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity