Starbucks Drive Thru + Cafe
$7,263,000
5361 Atlantic Avenue, Long Beach, CA 90805
4.75
Cap Rate
345,000
NOI
Details:
Highlights:
- Rare Drive Thru Site In Long Beach, CA | High Barriers to Drive Thru Approval
- Brand-New Long-Term Leases With Starbucks Equals Stable and Passive Income Stream
- Best In Class Operators | World’s Leading Coffeehouse Chain
- Fully Renovated in 2024 | Ideal (Drive Thru Plus Café) Store Format
- Strong Underlying “Drive Thru” Real Estate Site Fundamentals
- Ideal Surrounding Customer Base | Dense LA County & “Daily Commute” Demographics
Description:
Kidder Mathews, as exclusive agent to Owner is pleased to present for sale 5361 Atlantic Ave, Long Beach, CA. The offering represents a rare fully renovated drive-thru net lease investment opportunity in a core Los Angeles County market (Long Beach, CA). The ±31,327 SF (0.72 Acre) site situated just south of the signalized intersection of Atlantic Ave & Market St (± 34,000 VPD) is 100% leased to Starbucks on a brand-new fifteen (15) year fee simple Absolute NNN lease.
• New 15 Year Corporate Starbucks Lease
• Absolute NNN - Zero Landlord Responsibilities
• Newly Renovated Drive Thru
• Spacious 3,600 SF Café on Large .72 Acre Lot
• High Barriers to Entry with Strict City Drive Thru Restrictions
Documents:
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5361_Atlantic_Ave_OM_rs.pdf
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Location
Gallery
