2302 N Garey Ave - Fast Food FOR SALE


Pomona, CA 91767
$4,650,000 USD
213-268-1515
2302 N Garey Ave, Pomona, CA for Sale
$4,650,000 USD
Fast Food - FOR SALE
1/4
null | 5% Cap Rate

2302 N Garey Ave
Pomona, CA 91767


HIGHLIGHTS

  • Rare 15-year STARBUCKS Lease (NASDAQ: SBUX | S&P: BBB+); no early termination; landlord responsible for only structure - similar to a ground lease
  • LA County Location: Difficult to entitle trade area (drive-thru Moratorium); No Los Angeles ULA Mansion Tax
  • Nearby: LA Fairplex (3M visitors), Claremont Colleges (13,000students/staff), Pomona Hospital (300,000 patients) and Gold Line Metro Station (200ft).
  • Affluent Trade Area: 350,000 residents, 237,000 employees within 5 miles; $105,000 avg. household income matches Starbucks’ demographic.
  • High Visibility & Synergy: At Garey Ave & Arrow Hwy intersection with McDonald’s, KFC, Taco Bell, and Pizza Hut, boosting traffic.

OVERVIEW

The Sher Group is pleased to present a brand-new, single-tenant NNN leased Starbucks Drive-Thru featuring a 15-year primary term (2024) in a high-growth transit oriented location. Situated at the signalized intersection of Arrow Highway and Garey Avenue in Pomona (Los Angeles County), this Starbucks Drive-Thru is strategically located along the path to of travel to the new Gold Line Metro station that goes direct to Downtown LA (200ft north), The LA County Fairplex (3 million annual visitors), Claremont Colleges (8,500 students) and Pomona Hospital (300,000 patients/year). This Starbucks opportunity stands-out as a result of its rare 15-Year lease (no ETR) and a unique deal structure where the landlord’s sole responsibility is the building structure (no roof, etc), mimicking a ground lease while retaining full depreciation benefits for the owner.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$2,906 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STARBUCKS Drive-Thru I Los Angeles County

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C-4, Pomona

APN/PARCEL ID

8366-014-028

ASK ABOUT THIS PROPERTY

Chris HuddlestonThe Sher GroupMore Info
213-268-1515

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

Chris HuddlestonThe Sher GroupMore Info
213-268-1515

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