Starbucks (Ground Lease) 5014 Orangethorpe Avenue, La Palma, CA Cap Rate 3.25% Los Angeles (Los Angeles, California, US ) Built

$2,700,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 895 sq. ft.
  • Development Level: Built
  • Lot Size: 0.47 acres
  • Year Built: 2021

Description

Starbucks (Ground Lease) 5014 Orangethorpe Avenue, La Palma, CA Cap Rate 3.25%

Cap Rate: 3.25%
NOI: $90,000
Building Size: 895 sqft
Lot Area: 0.47 acres
Year Built: 2021
Tenancy: Single
Lease Expire Year: 6/30/2041

DESCRIPTION
Single-Tenant Corporate Starbucks Drive-Thru (NASDAQ: SBUX; S&P: BBB+):
-Rare 20-year absolute NNN ground lease; zero landlord responsibilities
-12% increases every 5 years
-One of the “World’s Most Admired Companies” by Fortune (2009-2020)
-Largest coffeehouse chain globally with approximately 31,000 stores in 80 countries
Highly Effective Drive-Thru Only Format: During its fourth quarter, approximately 75% of all Starbucks’ U.S. sales were generated through the drive-thru
Located at Hard Corner, High Traffic Intersection (45,000 Cars Per Day): Tenants at the intersection include Ralphs, CVS Pharmacy, Chase Bank, McDonald’s, Subway, and Wells Fargo
Excellent Freeway Accessibility: Starbucks is less than 1-mile from the California State Route 91 Freeway with nearly 280,000 cars per day
Dense, Affluent Orange County Demographics: Over 635,000 people within a 5-mile radius of the property and average household incomes of nearly $136,000 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.