Starbucks - Absolute NNN Ground Lease
Retail | 4.00% CAP | 888 SqFt
Marketing description
1740 Centinela Avenue in Inglewood, California offers the opportunity to acquire a premier absolute NNN ground lease investment secured by a freestanding Starbucks under a brand-new 12.5-year lease with two five-year extension options. The lease features strong contractual rent growth with 10% increases every five years during the initial term, a fair market rent reset in the first option period, and additional upside thereafter, providing long-term inflation protection and residual land value. The property is located at a high-traffic hard corner at La Cienega Boulevard and Centinela Avenue, one of Los Angeles County’s busiest intersections with approximately 131,000 vehicles per day, less than three-quarters of a mile from the I-405 Freeway. Backed by Starbucks Corporation (NASDAQ: SBUX), an investment-grade (S&P: BBB+) global retailer with a proven ground-lease strategy, this offering delivers true passive ownership in the heart of Inglewood’s rapidly transforming entertainment and employment hub anchored by SoFi Stadium, Hollywood Park, The Forum, and Intuit Dome.
Investment highlights
- Prime Absolute NNN Ground Lease – Freestanding Starbucks secured by a brand-new 12.5-year absolute NNN ground lease with two (2) five-year options, delivering long-term income security and residual land value.
- Investment-Grade Credit Tenant – Lease guaranteed by Starbucks Corporation (NASDAQ: SBUX), a globally recognized, investment-grade operator with a proven ground-lease strategy and over 38,000 locations worldwide.
- Strong Built-In Rent Growth – 10% rent increases every five years during the initial term, with fair market rent reset in the first option and an additional 10% increase in the second, providing inflation protection and long-term upside.
- True Passive Ownership – Absolute NNN structure with zero landlord responsibilities, offering fully hands-off, management-free ownership.
- Irreplaceable Hard-Corner Location – Positioned at La Cienega Blvd & Centinela Ave, one of LA County’s busiest intersections with ~131,000 VPD, delivering exceptional visibility and traffic exposure.
- Regional Freeway Access – Less than ¾ mile from the I-405 Freeway, the busiest freeway in the U.S., with nearby segments averaging ~334,000 VPD.
- High-Growth Inglewood Market – Located within a rapidly transforming submarket driven by SoFi Stadium, Hollywood Park, The Forum, and Intuit Dome, supported by 240,000+ residents and 92,000+ households within 3 miles.
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