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29324765
29324764

215 W Pacific Coast Hwy, Los Angeles, CA 90744

PW
CA CA 01454690
CBRE - South Bay
BH
CA 02148577
CBRE - South Bay
VT
CA CA 02087179
CBRE - South Bay
CBRE - South Bay
AK
CA 01416489
CBRE - South Bay
JW
CA 02084640
CBRE - South Bay
Listed by CBRE - South Bay
$4,752,727
199 days on market
Updated 15 days ago

Starbucks

Details
APN 7421-023-007; 7421-023-008
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,112
Net Rentable (SqFt) 1,112
Cap Rate 5.5%
NOI $261,400
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Price per SqFt $4,274
Year Built 2026
Buildings 1
Stories 1
Acreage 0.360
Parking Spaces 10 spaces
Parking Per SqFt 8.99
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 5.50% CAP | 1,112 SqFt

Marketing description

NOW OPEN! DESIRABLE 1031 EXCHANGE OPPORTUNITY - CORPORATE GUARANTEED NET LEASE

Investment highlights

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.

Listing Contacts

PW
CA CA 01454690
CBRE - South Bay
BH
CA 02148577
CBRE - South Bay
VT
CA CA 02087179
CBRE - South Bay
CBRE - South Bay
AK
CA 01416489
CBRE - South Bay
JW
CA 02084640
CBRE - South Bay
Listed by CBRE - South Bay

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,400.00
$21,783.33/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Patrick Wade
License
CA 01454690
Brokerage
CBRE, Inc.
Title
Senior Vice President
Name
Bo Henderson
License
02148577
Brokerage Phone
3103634659
Name
Vivian Tran
License
CA 02087179
Brokerage
CBRE
Brokerage Phone
213-613-3642
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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