Starbucks 15 Year Absolute NNN | 5361 Atlantic Ave
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Starbucks 15 Year Absolute NNN 5361 Atlantic Ave
3,600 SF Retail Building Long Beach, CA 90805 $11,088,707 CAD ($3,080 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15 Year Corporate Starbucks Lease - No Early Kick-Out Clause
- Newly Renovated Drive Thru (2024)
- 34,000 Vehicles Per Day
- Absolute NNN - Zero Landlord Responsibilities
- High Barriers to Entry with Strict City Drive Thru Restrictions
- Spacious 3,600 SF Cafe and Large .72 Acre Lot
EXECUTIVE SUMMARY
Brand New 15-Year Corporate Starbucks Lease: Long-term, stable income with ZERO landlord responsibilities.
Strategic 3,600 SF Drive-Thru Location: High-traffic area with strict city regulations, ensuring high desirability.
Attractive Lease Terms: 10% rent increases every 5 years and 3 options to renew for 5 years each.
Prime Real Estate: Large .72 Acres Lot located in a dense, middle-income area with over 221,000 residents within a 3-mile radius.
Proven Operator: Starbucks, the largest coffeehouse chain globally, boasts strong financial performance and high market demand.
Strategic 3,600 SF Drive-Thru Location: High-traffic area with strict city regulations, ensuring high desirability.
Attractive Lease Terms: 10% rent increases every 5 years and 3 options to renew for 5 years each.
Prime Real Estate: Large .72 Acres Lot located in a dense, middle-income area with over 221,000 residents within a 3-mile radius.
Proven Operator: Starbucks, the largest coffeehouse chain globally, boasts strong financial performance and high market demand.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1966/2024
Price
$11,088,707 CAD
Price Per SF
$3,080 CAD
Cap Rate
4.50%
NOI
$499,042 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.72 AC
Opportunity Zone
Yes
Zoning
CCA, Long Beach - Community Automobile-Oriented
Parking
38 Spaces (10.56 Spaces per 1,000 SF Leased)
Frontage
285 ft on Atlantic
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7130-002-034 | Improvements Assessment | $1,215,440 CAD |
| Land Assessment | $4,861,762 CAD | Total Assessment | $6,077,202 CAD |
PROPERTY TAXES
Parcel Number
7130-002-034
Land Assessment
$4,861,762 CAD
Improvements Assessment
$1,215,440 CAD
Total Assessment
$6,077,202 CAD
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Starbucks 15 Year Absolute NNN | 5361 Atlantic Ave
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