Starbucks
Retail | 3.68% CAP | 1,271 SF
Marketing description
Single-Tenant Corporate Starbucks Drive-Thru
• Corporate lease (NASDAQ: SBUX; S&P: BBB+)
• High Traffic Daytime Population: 45,000 cars per day at York Boulevard
and Figueroa Street; over 302,000 employees within a 5-mile radius
• 10 years remaining (May 31, 2034) on initial 15-year lease; 3 five-year
options to extend.
• 10% increases every 5 years (next increase June 2024)*
Investment highlights
Single-Tenant Corporate Starbucks Drive-Thru
Corporate lease (NASDAQ: SBUX; S&P: BBB+)
High Traffic Daytime Population: 45,000 cars per day at York Boulevard and Figueroa Street; over 302,000 employees within a 5-mile radius
10 years remaining (May 31, 2034) on initial 15-year lease; 3 five-year options to extend.
10% increases every 5 years (next increase June 2024) Prime Los Angeles Area Location: Situated on primary east/west retail corridor and close proximity to major freeway (132,000 CPD)
Dense, Infill Los Angeles Demographics: 718,000 residents within a 5-mile radius and average household incomes of over $115,000 within a 3-mile radius
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