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Starbucks 15 Year Absolute NNN 5361 Atlantic Ave

3,600 SF Retail Building Long Beach, CA 90805 $8,625,000 ($2,396/SF) 4% Cap Rate

Retail Space California Long Beach 5361 Atlantic Ave, Long Beach, CA 90805

Investment Highlights

  • New 15 Year Corporate Starbucks Lease
  • Newly Renovated Drive Thru (2024)
  • 34,000 Vehicles Per Day
  • Absolute NNN - Zero Landlord Responsibilities
  • High Barriers to Entry with Strict City Drive Thru Restrictions
  • Spacious 3,600 SF Cafe and Large .72 Acre Lot

Executive Summary

The offering represents a rare 15 year absolute net lease Starbucks investment opportunity in a core Los Angeles County market (Long Beach, CA). The ±31,327 SF (0.72 Acre) site situated just south of the signalized intersection of Atlantic Ave & Market St (± 34,000 VPD).

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1966/2024
Price
$8,625,000
Price Per SF
$2,396
Cap Rate
4%
NOI
$345,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CCA, Long Beach - Community Automobile-Oriented
Parking
38 Spaces (10.56 Spaces per 1,000 SF Leased)
Frontage
285 FT on Atlantic

Amenities

  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 7130-002-034 Improvements Assessment $850,000
Land Assessment $3,400,000 Total Assessment $4,250,000

PROPERTY TAXES

Parcel Number
7130-002-034
Land Assessment
$3,400,000
Improvements Assessment
$850,000
Total Assessment
$4,250,000
(310) 906-3295

  • Listing ID: 33780436

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 5361 Atlantic Ave, Long Beach, CA 90805

More public record information on 5361 Atlantic Ave, Long Beach, CA 90805

The Retail Property at 5361 Atlantic Ave, Long Beach, CA 90805 is currently available For Sale. Contact Kidder Mathews for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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5361 Atlantic Ave, Long Beach, CA for sale Building Photo- Image 1 of 5
Exterior
5361 Atlantic Ave, Long Beach, CA for sale Building Photo- Image 2 of 5
Exterior
5361 Atlantic Ave, Long Beach, CA for sale Building Photo- Image 3 of 5
Exterior
5361 Atlantic Ave, Long Beach, CA for sale Plat Map- Image 4 of 5
Plat Map

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Starbucks 15 Year Absolute NNN | 5361 Atlantic Ave
(310) 906-3295 x

Starbucks 15 Year Absolute NNN | 5361 Atlantic Ave

Simon Mattox

(310) 906-3295

(310) 906-3295

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