Starbucks Brand New Construction 14170 Crenshaw Boulevard, Gardena, CA Cap Rate 4.25% Gardena ( California, US ) Built

$4,400,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,300 sq. ft.
  • Development Level: Built
  • Lot Size: 19576 sq. ft.
  • Year Built: 2018

Description

Starbucks Brand New Construction 14170 Crenshaw Boulevard, Gardena, CA Cap Rate 4.25%

Cap Rate: 4.25%
NOI: $187,160
Building Size: 2,300 sqft
Lot Area: 19,576 sqft
Occupancy: 100%
Lease Type: Triple Net
Year Built: 2018
Tenancy: Single
Parking Spots: 23
Lease Expire Year: 2028

DESCRIPTION
The subject property is a brand new construction 2,300 square foot Starbucks café and drive thru located in Gardena (Los Angeles), California. The building was constructed on a build-to-suit basis for Starbucks with two access points and offers 23 parking spaces. Starbucks signed a ten-year triple net lease with ten percent (10%) rental increases in year six and each of the four, five-year renewal options. Starbucks (NYSE: SBUX), a publicly traded company with investment grade credit rating of “A-“ by Standard & Poor’s, has a market cap of $85 billion and annual revenue of $22.4 billion.
Outfront Media (NYSE: OUT), one of the largest outdoor media companies in North America, is paying a significantly below-market billboard rent (only $2,160/year) with the existing lease set to expire in March of 2022 (19 years of operating history to date). They also reserve the right to install a second billboard at their sole expense, which would immediately lead to a rent increase per their lease.

• Brand New 2018 Construction with Drive Thru – Brand New 10 Year NNN Lease in Los Angeles County Featuring 10% Rental Increases in Year Six and Each Option | Starbucks (NYSE: SBUX), with an Investment Grade Credit Rating of “A-“ by Standard & Poor’s, has a Market Cap of $85 billion and Annual Revenue Exceeding $22.4 Billion
• Features Easy Access and Excellent Visibility on the Hard, Signalized Corner of Rosecrans Avenue and Crenshaw Boulevard with Approximately 64,000 VPD | Less Than One and a Half Miles to I-105 (200,000 CPD) and Less Than Two and a Half Miles from I-405 (300,000 CPD) | Less Than Five Miles to Pacific Ocean in Manhattan Beach
• Strong Retail Corridor – Less than Two and a Half Miles from Gardena Valley Shopping Center Anchored by Vons, Rite Aid, and O’Reilly Auto Parts; Less than One and a Half Miles from Gateway Crossroads Anchored by Staples, Ross, and Goodwill; and Less than Two and a Half Miles East of Ocean Gate Commerce Center Anchored by The Home Depot, TJ Maxx, and Sport Authority
• Excellent Centralized Location – One and a Half Miles from SpaceX Headquarters, 13 Miles South of Downtown Los Angeles, and 6 Miles South of the Los Angeles Stadium and Entertainment District – Future Home of the Los Angeles Rams, and Less than Five Miles from the Pacific Ocean | Local Employers Include SpaceX (7,000 employees), Boeing Company (1,005 employees), Harbor UCLA Medical Center (3,000 employees), Raytheon Company (6,000 employees), US Air Force (4,000 employees), and many more
• Numerous Schools Nearby with Strong Student Populations Including California State University, Long Beach (±38,000 students), El Camino College (±24,000 students), Lawndale High School (±2,200 students), Leuzinger High School (±2,000 students), Junipero Serra High School (±640 students), and many more
• Features Densely Populated Area – Over 284,000 People Reside within a Three-Mile Radius and Over 825,000 People Reside within a Five-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.

Attachments

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Information is deemed to be correct but not guaranteed.