20280 Bloomfield Ave - Freestanding FOR SALE


Cerritos, CA 90703
$6,838,000 USD
480-221-4221
20280 Bloomfield Ave, Cerritos, CA for Sale
$6,838,000 USD
Freestanding - FOR SALE
1/9
null | 3.95% Cap Rate

20280 Bloomfield Ave
Cerritos, CA 90703


HIGHLIGHTS

  • Brand New 15-Year Deal | New Construction | No LA Mansion Tax | Investment Grade Tenant
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Rare LA County Retail Opportunity | High Barriers To Entry |Affluent Residential Area | Cerritos Town Center
  • Outparcel To Target | Excellent Visibility & Access |Drive-Thru Equipped | State Highway 91 (325,000 VPD)
  • Strong Demographics In 5-Mile Trade Area | Six-Figure Income

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB+), corporate guaranteed (NASDAQ: SBUX) Starbucks investment property located in Cerritos, California. The tenant, Starbucks Corporation, recently signed a brand new 15 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease has limited landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor. The property will feature brand new high-quality construction with a modern building design and is not effected by the Los Angeles Mansion Tax.

FOR SALE DETAILS

PRICE

$6,838,000 USD

PRICE/SF

$3,708 USD /SF

CAP RATE

3.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 15yr Corp NN w/ Incrs | DrTh

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CN

APN/PARCEL ID

7044-016-006

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.