Listed by JLL - Irvine (Orange County), California, JLL - Los Angeles (West), California, JLL - Dallas | Cedar Springs, Texas
$4,000,000
Starbucks - Azusa, CA
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,055
Cap Rate 5%
NOI $200,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 10.1
Lease Expiration 04/30/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options Four (4) 5-Year options
Price per SqFt $3,791
Year Built 2024
Acreage 0.350
Lease Commencement 04/02/2024
Retail | 5.00% CAP | 1,055 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Starbucks located at 710 S. Azusa Avenue Azusa, California (“Property” or “Asset”). Starbucks is operating on a 10-year NN lease with 10.0% annual increases every 5 years, four, five-year renewal options and minimal landlord responsibilities.
Investment highlights
8-year Starbucks with minimal landlord responsibilities
10% annual rent escalation every 5 years
Located in the #2 largest MSA
Signalized intersection with direct visibility to 321K+ VPD
Large residential area with 120K+ household within a 5-mile radius
Investment grade tenancy from the largest coffee chain in the world
Strong demographics with $127K in AHHI within a 5-mile radius
Listing Contacts
Listed by JLL - Irvine (Orange County), California, JLL - Los Angeles (West), California, JLL - Dallas | Cedar Springs, Texas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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