Property History
extended their lease almost a full year before it expired, in September of 2020. There are now 5.5 years remaining on their lease. Starbucks' investment grade credit backs 33% of the property's GLA.
All tenants operate on NNN leases and reimburse for their share of real estate taxes, CAM, insurance and condo assessments. Rents are below market, at an average rent of $27 per square foot. This irreplaceable retail location enjoys demographic density of over 500,000 people within a 3-mile radius and average household incomes of ~$130,000 within the same area. With the Paulina Brown Line stop exactly 0.5 miles away, the location is extremely walkable, even earning a Redfin "Walk Score" of 96.
Please contact Marcus & Millichap with additional questions about this Starbucks Anchored Retail Condo opportunity.
- Recent 6 Year Lease Extension from Starbucks
- SBUX Investment Grade Credit Backs 33% of the GLA
- All NNN Leases
- Below Market Rents, All Highly Replaceable
- Located at a 6-way Intersection (Lincoln Avenue, Barry and Greenview)
- Paulina Brown Line Stop is 0.5 Miles Away
- 500,000 People Live Within a 3-mile Radius
- Household Incomes exceed $129,000
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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