About This Restaurant
Investment Highlights
New 15-Year Initial Lease Term; No Early Cancellation or Termination Clause; Rare Starbucks Lease Provision With Tenant Self-Maintaining the Property Brand New, Pride of Ownership Construction: 2,442 SF caf? and drive-thru Huge Daytime Population: More than 237,000 employees within a 5-mile radius Single-Tenant Corporate (NASDAQ: SBUX; S&P: A-) Starbucks Drive-Thru: 10% increases every 5 years during the base term High Barriers to Entry Location: Situated within Commerce Office Park and immediately surrounded by 2.5 million SF of office and industrial space Limited Starbucks Competition: Only Starbucks Drive-Thru in a 1.5-mile radius
Executive Summary
Rare 15-Year Lease | Brand-New Pride of Ownership Construction | 821K People in 5-Mile Radius
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding Fast Food
- Building Size 2,442
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2023
- Price 6,210,000
- Price Per SF 2,543
- Cap Rate 4.75
- NOI 295,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.64 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.
Nearby Amenities & Transportation
| Retail | Starbucks | ||
| Retail | Citizens Business Bank | ||
| Retail | Wingstop | ||
| Retail | The Habit Burger Grill | ||
| Retail | Jack In The Box | ||
| Retail | Food 4 Less | ||
| Retail | Citi | ||
| Retail | Ymca | ||
| Retail | Smart & Final | ||
| Retail | Bank of Montreal |
Property Taxes
| Parcel Number | 6332-015-028 | Improvements Assessment | $1,565,000 |
| Land Assessment | $935,000 | Total Assessment | $2,500,000 |
| Date Created: | 2024-07-16 04:09:24 | Last Updated: | 2024-07-16 04:09:24 |
| Address: | 5850 S Eastern Ave , Commerce, California, 90040 | ||