Beautiful Newly Developed Starbucks | Pacific Coast Highway – NN Property

This newly developed Starbucks corporate leased property offers a premium net lease investment opportunity in Los Angeles, California. The property is listed at $4,752,727 and generates an annual NOI of $261,400 with a 5.50% cap rate. Therefore, it is an excellent option for investors seeking stable long-term returns.

The building offers 1,112 square feet of retail space and sits on 0.36 acres of land. In addition, the asset includes a 10-year NN lease with limited landlord responsibilities. It also provides five 5-year renewal options, which adds long-term lease security.

Moreover, the property sits in a prime location at 215 W Pacific Coast Hwy, Los Angeles, CA 90744. It benefits from approximately 44,000 vehicles per day at the nearby intersection. As a result, the site enjoys excellent visibility and strong customer traffic.

The surrounding area features strong demographics with more than 161,052 residents. Furthermore, the property is offered as fee simple ownership. This makes it a strong addition to any commercial real estate portfolio.