Views: 0 DOM: 34 Updated: 11.28.23 Posted: 11.07.23 Status: Active


Price $3,495,000
Built/Renov 2017
Tenant Starbucks
Cap Rate 4.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,486
Lease Start 06-24-2017
#Units 36,000
Price/SF $2,351.95
Expiration 06-30-2037
Tenant Type Fast Food/QSR
NOI $148,500
R. Term 13.6
Ownership Fee Simple
Rent/SF $99.93
Increases 10.0%/5/yrs
Pop 5Mi 1,295,951
Lot/AC 0.27
Options 3/5yrs/10%
AHHI 5Mi $82,319

Lease Highlights

  • Starbucks has 13+ years remaining on its current lease term with 3 (5-year) options to extend
  • Lease features rental increases of 10% every 5 years in the primary term and in each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)
  • Starbucks is an investment grade tenant (S&P: BBB+)

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Jefferson Blvd and Western Avenue, with access to 50,000 vehicles passing by daily. The property is approximately 2 miles away from the on/off ramps of Interstate 10 (356,000 VPD) and Interstate 110 (277,000 VPD). Additionally, it is situated about 1 mile from the USC campus. The 5-mile trade area surrounding the...



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  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:36,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock:NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...



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2028 Total Population : 59,024 565,861 1,312,076
2023 Total Population : 59,598 552,696 1,284,983
2023 Employed Civilian Pop : 26,432 255,234 612,397
2023 Total Businesses : 927 22,896 71,121
2023 Average Household Income : $ 77,903 $ 77,595 $ 90,600
2023 Total Consumer Spending : $ 1279 M $ 13120 M $ 37177 M
2023 Median Age : 33 34 35
2023 Total Households : 18,944 194,275 474,128
2023 Pop Age 25+: Bachelor's Degree : 5,736 67,983 193,573
2023 Average Home Value : $ 834,115 $ 917,655 $ 982,346
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Jefferson Blvd S Western Ave 2012 20,437 0.03 mi
S Western Ave W Jefferson Blvd 2011 29,456 0.04 mi
W Jefferson Blvd S Harvard Walk 2009 20,864 0.10 mi
S Western Ave W 35th Pl 2011 31,515 0.12 mi
W 35th St S St Andrews Pl 2005 779 0.16 mi
W Jefferson Blvd S la Salle Ave 2009 18,824 0.16 mi
S St Andrews Pl W 35th St 2005 2,068 0.19 mi
S Western Ave W 29th St 2011 28,304 0.20 mi
S St Andrews Pl W 35th St 2005 2,007 0.22 mi
S Western Ave W 36th St 2011 28,704 0.23 mi

Listing Broker

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