710 S Azusa Ave - Fast Food FOR SALE


Azusa, CA 91702
$4,255,000 USD
949-221-1807
710 S Azusa Ave, Azusa, CA for Sale
$4,255,000 USD
Fast Food - FOR SALE
1/7
null | 4.7% Cap Rate

710 S Azusa Ave
Azusa, CA 91702


HIGHLIGHTS

  • Credit Income Stream From Starbucks Corporation | #1 World’s Most Valuable Restaurant Brand | Best in Class Coffee Retailer.
  • Long-Term 10 Year Lease With 10% Rent Increases Every 5 Years
  • Rare Self-Maintaining Lease
  • Ideal Drive-Thru Only Concept Gaining Traction in the QSR Industry As Customer Dining Habits Change
  • Strategic Location ½ Mile from Interstate 210 (251,900 VPD)
  • Hired Former Chipotle CEO | Hugely Positive News | $20B Added Market Cap

OVERVIEW

PLEASE CLICK LINK BELOW OR EMAIL AGENT FOR BROCHURE - RECENT $20B INCREASE IN MARKET CAPITALIZATION WITH HIRING OF BRIAN NICOLL AS CEO (FORMER CHIPOTLE CEO) $345,000 PRICE REDUCTION AS OF 12/17/24. STRONG SELLER MOTIVATION. NEW CONSTRUCTION, RECENT CLEAN PHASE I, AND SELF-MAINTAINED BY STARBUCKS PROVIDE A HIGH CERTAINTY OF CLOSING. Faris Lee Investments presents an exceptional opportunity to acquire a newly constructed, single-tenant, triple-net leased Starbucks Drive Thru investment in the thriving San Gabriel Valley. With over 38,000 locations worldwide, Starbucks stands as the #1 World’s Most Valuable Restaurant Brand (QSR Magazine). This prime investment features a new 10-year lease term with 10% rent increases every 5 years, backed by a publicly-traded company that reported a revenue of $35.97 billion in the most recent fiscal year, an 11% increase from the prior year, showcasing strong financial backing and tenant commitment. Starbucks pioneered the drive thru only concept and now with customer dining habits changing so quickly with many customers only using the drive thru, many QSR behemoths like McDonald’s are following suit. Strategically situated on Azusa Avenue, a major north/south street corridor intersecting all three east/west freeways in the San Gabriel Valley, Starbucks benefits from high traffic counts of 48,900 vehicles per day. A very unique aspect of this location is that it places Starbucks on the “drive to work” side of the street as customers approach Interstate 210 (251,900 VPD) enabling Starbucks to accomplish a primary goal of being the “first cup of the day” for its customers. Furthermore, this Starbucks Drive Thru is the only one in the immediate area, situated in a center-of-town shopping destination featuring prominent retailers such as Walmart, Home Depot, Aldi, and more, ensuring a steady flow of foot traffic and customer demand. With its unparalleled location, strong tenant backing, and favorable lease terms, this investment opportunity presents a rare chance to secure a high-performing asset in a dynamic market.

FOR SALE DETAILS

PRICE

$4,255,000 USD

PRICE/SF

$4,033 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduction | SBUX D/T | Submit Offers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,224 SF

ZONING

Commercial

APN/PARCEL ID

8621-024-012

ASK ABOUT THIS PROPERTY

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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