Starbucks 12313 Jefferson Boulevard, Culver City, CA Cap Rate 4% Culver City ( California, US ) Built

$5,775,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,249 sq. ft.
  • Development Level: Built
  • Lot Size: 0.32 acres
  • Year Built: 2007

Description

Starbucks 12313 Jefferson Boulevard, Culver City, CA Cap Rate 4%

Cap Rate: 4%
NOI: $230,934
Building Size: 2,249 sqft
Lot Area: 0.32 acres
Year Built: 2007
Tenancy: Single

DESCRIPTION
Single-Tenant Corporate Starbucks:
-13-year operating history at this location
-Two 5-year options at 15% rental increases
-Nearly a quarter of all transactions at Starbucks stores in the U.S. are mobile orders through the company’s app, a dramatic increase from 17% at the end of 2019 all the way to 24% of U.S. retail orders last quarter
-Corporate lease (NASDAQ: SBUX; S&P: BBB+)
-Largest coffeehouse chain globally with approximately 30,000 stores in 78 countries
Located at the Hard Corner, High Traffic Intersection of Jefferson Boulevard and Centinela Avenue in Culver City, CA (46,000 CPD)
Ideally Situated within Playa Vista (Westside area) of Los Angeles:
-1,087-acre mixed-use development, with over 6,000 residential units, office complexes, retail centers and parks
-Major companies at the Playa Vista Campus include Facebook, Google, Microsoft, Yahoo, YouTube, Belkin International, Fox Sports, LA Chargers, LA Clippers, LA Rams, and WeWork
-Over 379,000+ employees within a 5-mile radius of the property
Excellent Freeway Accessibility: Jefferson Boulevard and Centinela Avenue are two major commercial corridors less than a half mile away to the 90 Marina Freeway (140,000 CPD) and 405 Freeway (335,000 CPD)
Close Proximity to Silicon Beach (500+ Technology Companies): Technology capital of Southern California includes Amazon, Apple, BuzzFeed, Hulu, Netflix, Salesforce, Snapchat, SpaceX, and Sony
Adjacent to Major West Los Angeles Surrounding Cities: Strategically positioned between Marina Del Rey, Playa Del Rey, Westchester, and the Del Rey district
Dense, Infill Los Angeles Demographics: Over 632,000 people within a 5-mile radius of the property and average household incomes of nearly $132,000 within a 1-mile radius

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.