215 W Pacific Coast Hwy, Los Angeles, CA 90744 For Sale

DESIRABLE 1031 EXCHANGE OPPORTUNITY - CORPORATE GUARANTEED NET LEASE

• Brand-New Construction with Rare Drive-Thru on PCH: Newly built in 2026, this freestanding Starbucks features a coveted drive-thru on the Pacific Coast Highway.
• Strong Intrinsic Value: The state-of-the-art ground up development would be extremely costly to replicate in today’s market making the site an ideal use for the location.
• Strength of Entitlements: The subject property took multiple years to entitle which now grand father the drive-thru use creating long-term desirability and value.
• Ten (10)-Year Corporate Lease: Starbucks recently signed an initial lease term of ten (10)-years with five (5), five (5)-year options to extend, demonstrating their long-term commitment to the site.
• Investment-Grade Tenant: Starbucks (NASDAQ: SBUX | S&P: BBB+) operates over 41,000 stores globally and is consistently ranked among Fortune’s “World’s Most Admired Companies.”
• High Traffic Location: The subject property is situated at the signalized intersection of PCH and Fries Avenue, with exposure to over 44,000 vehicles per day.
• Strategic Partnership with Starbucks: Starbucks has remained committed to this site while they close locations lacking growth potential and have halted many new developments in SoCal.

PRIME PCH LOCATION - HIGH VISIBILITY & DEMAND

• Excellent Positioning on Pacific Coast Highway: Located on a major arterial with traffic counts exceeding 44,000 vehicles per day at the intersection of Fries Ave. and Pacific Coast Highway.
• Ideal Customer Base: The site is adjacent to a densely developed commercial corridor and within close proximity to three schools with over 161,052 residents and a daytime population of 148,289 within a 3-mile radius.
• Surrounded by Dense Commercial and National Retailers: The site is across the street from a CVS/Goodwill Grocery Anchored Shopping Center and nearby several additional national retailers.
• High Growth Sub-Market: Wilmington is located between the South Bay and Long Beach providing being a strategic commuter location for daily commuters to the Port of Los Angeles (less than 1.5 miles away) and residents alike.