5361 Atlantic Ave - Fast Food FOR SALE


Long Beach, CA 90805- Bixby Knolls
$7,263,157 USD
310-796-6229
5361 Atlantic Ave, Long Beach, CA for Sale
$7,263,157 USD
Fast Food - FOR SALE
1/3
null | 4.75% Cap Rate

5361 Atlantic Ave
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • New 15 Year Corporate Starbucks Lease - No Early Kick-Out Clause
  • Absolute NNN - Zero Landlord Responsibilities
  • Newly Renovated Drive Thru (2024)
  • High Barriers to Entry with Strict City Drive Thru Restrictions
  • 34,000 Vehicles Per Day
  • Spacious 3,600 SF Cafe and Large .72 Acre Lot

OVERVIEW

Brand New 15-Year Corporate Starbucks Lease: Long-term, stable income with ZERO landlord responsibilities. Strategic 3,600 SF Drive-Thru Location: High-traffic area with strict city regulations, ensuring high desirability. Attractive Lease Terms: 10% rent increases every 5 years and 3 options to renew for 5 years each. Prime Real Estate: Large .72 Acres Lot located in a dense, middle-income area with over 221,000 residents within a 3-mile radius. Proven Operator: Starbucks, the largest coffeehouse chain globally, boasts strong financial performance and high market demand.

FOR SALE DETAILS

PRICE

$7,263,157 USD

PRICE/SF

$2,018 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks 15 Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CCA, Long Beach

APN/PARCEL ID

7130-002-034

ASK ABOUT THIS PROPERTY

Simon MattoxKidder MathewsMore Info
310-796-6229

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Simon MattoxKidder MathewsMore Info
310-796-6229

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