Investment Highlights
Coveted Investment grade Starbucks Coffee Corporate guaranteed lease
Rare 15-Year Primary Term (13 years remaining)
Los Angeles Drive-Thru/ Single Tenant NNN Lease
Executive Summary
The Sher Group is pleased to present this single tenant, Starbucks Caf? and Drive-Thru property in San Dimas, California. The asset was newly constructed and opened in 2021 on a pad within the Smart & Final, Chase Bank and Burlington Shopping Center just off of I-57 on the major retail corridor surrounded by national tenants. The rare offering boasts a 15-Year Primary Term lease from an excellent corporate credit tenant (NYSE: SBUX) showing their long-term commitment to the site. The lease features 10% rental increases growing NOI and hedging against inflation. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee in the world and is currently operating over 34,000 stores across the globe with over $29.1 billion in annual revenue.? Coveted investment grade Starbucks Coffee Corporate guaranteed lease.? Dense and Highly Trafficked Trade Area within LA County? Rare 15-Year Primary Term Corporate Lease Agreement w/ 10% Rental Increases (Store Opened 5/2021)? Extremely difficult to acquire Drive-Thru Entitlement/Permits
