10613 Garvey Ave
El Monte, CA 91733
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newer Construction Starbucks Drive-Thru – 2018 Construction in High Barriers to Entry San Gabriel Valley (Los Angeles) Submarket
- Strong Inflation Hedge – The Initial Term and Options have 10% Rent Increases Every 5 Years
- Hard Corner Lot Location with High Traffic – Sits at the Signalized Intersection of Garvey Ave. and Santa Anita Ave.
- 10-Year Corporate Guaranteed Lease with No Early Kick-Outs - Corporate Guarantee from Starbucks, Inc., with Approximately 8 Years Remaining
- No Early Termination Clause – Starbucks has Strong Commitment to the Location
- “Going to Work” Side of Street – Starbucks is Located at the Northeast Corner on the Way to Access the Garvey Ave. On-Ramp to the 10 Freeway
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
960 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.38 AC
Zoning
MMU - Mixed/Multiuse
Parking
6 Spaces (6.74 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 8580-015-023 | Improvements Assessment | $424,483 |
| Land Assessment | $3,247,296 | Total Assessment | $3,671,779 |
