Price Reduced over $360,000 for Year End Sale.
This rare two (2) pad net lease investment features Starbucks & Quick Quack Car Wash. These two industry leading tenants create a phenomenal "one-two punch" long term passive investment in one of the most dense infill submarkets in Los Angeles County.
Starbucks Coffee & Quick Quack Car Wash
NOI (YEAR 1) $660,000
INCREASES / OPTIONS
Starbucks – 10% Increases / 5 Yrs | Four (4) Five (5) Yr Options
Quick Quack – 10% Increases / 5 Yrs | Two (2) Five (5) Yr Options
LEASE EXPIRATION
Starbucks – 10 Years from Rent Commencement Date
Quick Quack – 20 Years from Rent Commencement Date
ORIGINAL COMMENCEMENT DATE
Starbucks - (Pending - RCD = Opening For Business - Projected Q4 2024).
Quick Quack - Lease Term Commenced 1/31/24, Rent Commenced 7/25/24.
LEASE TYPE
Starbucks – NNN Fee Simple (LL Roof & Structure)
Quick Quack – Absolute NNN Fee Simple Ground Lease (Zero LL Responsibilities)
LAND AREA ±62,358 SF (1.43 AC)