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Starbucks | New 15yr Corp NN w/ Incrs | DrTh 20280 Bloomfield Ave

1,844 SF Retail Building Cerritos, CA 90703 $6,838,000 ($3,708/SF) 3.95% Cap Rate

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Investment Highlights

Brand New 15-Year Deal | New Construction | No LA Mansion Tax | Investment Grade Tenant
Rare LA County Retail Opportunity | High Barriers To Entry |Affluent Residential Area | Cerritos Town Center
Strong Demographics In 5-Mile Trade Area | Six-Figure Income

NNN | Fee Simple Ownership | Limited Landlord Responsibilities
Outparcel To Target | Excellent Visibility & Access |Drive-Thru Equipped | State Highway 91 (325,000 VPD)

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB+), corporate guaranteed (NASDAQ: SBUX) Starbucks investment property located in Cerritos, California. The tenant, Starbucks Corporation, recently signed a brand new 15 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease has limited landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor. The property will feature brand new high-quality construction with a modern building design and is not effected by the Los Angeles Mansion Tax.