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Premium SoCal Starbucks Drive-Thru on PCH | Wilmington, CA

$5,228,000

215 West Pacific Coast Highway, Los Angeles, CA 90744

Active
Last Updated: 12/11/2025

5

Cap Rate

261,400

NOI

Details:
Cap Rate:    5%
NOI:    $261,400
Building Size:    1,112 sqft
Lot Area:    0.36 acres
Occupancy:    100%
Lease Type:    Double Net
Year Built:    2025
Highlights:
  • Brand-New Construction with Rare Drive-Thru on PCH: Newly built in 2025, this freestanding Starbucks features a coveted drive-thru on the Pacific Coast Highway.
  • Strong Intrinsic Value: The state-of-the-art ground up development would be extremely costly to replicate in today’s market making the site an ideal use for the location.
  • Strength of Entitlements: The subject property took multiple years to entitle which now grand father the drive-thru use creating long-term desirability and value.
  • Ten (10)-Year Corporate Lease: Starbucks recently signed an initial lease term of ten (10)-years with five (5), five (5)-year options to extend, demonstrating their long-term commitment to the site.
  • Investment-Grade Tenant: Starbucks (NASDAQ: SBUX | S&P: BBB+) operates over 41,000 stores globally and is consistently ranked among Fortune’s “World’s Most Admired Companies.”
  • High Traffic Location: The subject property is situated at the signalized intersection of PCH and Fries Avenue, with exposure to over 44,000 vehicles per day.
  • Strategic Partnership with Starbucks: Starbucks has remained committed to this site while they close locations lacking growth potential and have halted many new developments in SoCal.
Description:

PRIME PCH LOCATION HIGH VISIBILITY & DEMAND

Excellent Positioning on Pacific Coast Highway: Located on a major arterial with traffic counts exceeding 44,000 vehicles per day at the intersection of Fries Ave. and Pacific Coast Highway.

Ideal Customer Base: The site is adjacent to a densely developed commercial corridor and within close proximity to three schools with over 161,052 residents and a daytime population of 148,289 within a 3-mile radius 

Surrounded by Dense Commercial and National Retailers: The site is across the street from a CVS/Goodwill Grocery Anchored Shopping Center and nearby several additional national retailers.

High Growth Sub-Market: Wilmington is located between the South Bay and Long Beach providing being a strategic commuter location for daily commuters to the Port of Los Angeles (less than 1.5 miles away) and residents alike.

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