Available For Sale - Retail

890 SF | Show Pricing $

AVAILABILITY DETAILS

Size
890 SF
Price/SF
Show Pricing $
Listing ID
SA453237
Notes
4.17% Cap Rate

$145,000 NOI

Building Size 890 sqft

Lot Area 0.38 acres



DESCRIPTION

Ideal 1031-Exchange Net-Lease Investment with Corporate Guarantee



Newer Construction Starbucks Drive-Thru – 2018 Construction in High Barriers to Entry San Gabriel Valley (Los Angeles) Submarket



10-Year Corporate Guaranteed Lease with No Early Kick-Outs - Corporate Guarantee from Starbucks, Inc. (S&P: “A-“ Credit Rating) with Approximately 8 Years Remaining



Limited Landlord Responsibilities – Starbucks is Responsible for Most Expenses and Maintenance. The Landlord’s Responsibilities of Roof and Structure is Mitigated by a New 15-Year Roof Warranty



Strong Inflation Hedge – The Initial Term and Options have 10% Rent Increases Every 5 Years



No Early Termination Clause – Starbucks has Strong Commitment to the Location



Desirable Drive-Thru Permit – Coffee and Quick-Serve Restaurants Derive the Majority of Their Sales Through Drive-Thrus. Starbucks New Store Prototypes Include Drive-Thru Only
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Alexander Kozakov, CBRE