685 E Artesia Blvd - Fast Food FOR SALE


Long Beach, CA 90805
$3,025,000 USD
949-698-1106
685 E Artesia Blvd, Long Beach, CA for Sale
$3,025,000 USD
Fast Food - FOR SALE
1/11
null | 5% Cap Rate

685 E Artesia Blvd
Long Beach, CA 90805


HIGHLIGHTS

  • Investment Grade Tenant (S&P: BBB+) | Over 5 Years Remaining | Rental Increases | Options To Extend
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized Hard-Corner Intersection (Combined 47,500 VPD) | Directly Off Of State Highway 91 (264,000 VPD)
  • Drive-Thru Equipped
  • Rare LA County Retail Opportunity | High Barriers To Entry
  • Within Recently Developed Uptown Commons | Strong Tenant Synergy

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, drive-thru equipped, Starbucks investment property located in Long Beach, CA (Los Angeles MSA). The tenant, Starbucks Corporation (S&P: BBB+), has over 5 years remaining on their current lease with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for an investor seeking passive income.

FOR SALE DETAILS

PRICE

$3,025,000 USD

PRICE/SF

$1,518 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Beach, CA - Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CCA

APN/PARCEL ID

7115-003-054

ASK ABOUT THIS PROPERTY

Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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