Long Beach, CA - Starbucks | 685 E Artesia Blvd
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Long Beach, CA - Starbucks 685 E Artesia Blvd
1,993 SF Retail Building Long Beach, CA 90805 $3,025,000 ($1,518/SF) 5% Cap Rate
Investment Highlights
- Investment Grade Tenant (S&P: BBB+) | Over 5 Years Remaining | Rental Increases | Options To Extend
- Signalized Hard-Corner Intersection (Combined 47,500 VPD) | Directly Off Of State Highway 91 (264,000 VPD)
- Rare LA County Retail Opportunity | High Barriers To Entry
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Drive-Thru Equipped
- Within Recently Developed Uptown Commons | Strong Tenant Synergy
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 leased, freestanding, drive-thru equipped, Starbucks investment property located in Long Beach, CA (Los Angeles MSA). The tenant, Starbucks Corporation (S&P: BBB+), has over 5 years remaining on their current lease with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for an investor seeking passive income.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,993 SF
Building Class
B
Year Built
2020
Price
$3,025,000
Price Per SF
$1,518
Cap Rate
5%
NOI
$151,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.41 AC
Zoning
CCA - Community Commercial Automobile-Oriented
Parking
16 Spaces (8.03 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7115-003-054 | Improvements Assessment | $2,010,378 |
| Land Assessment | $1,822,743 | Total Assessment | $3,833,121 |
PROPERTY TAXES
Parcel Number
7115-003-054
Land Assessment
$1,822,743
Improvements Assessment
$2,010,378
Total Assessment
$3,833,121
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Long Beach, CA - Starbucks | 685 E Artesia Blvd
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