Los Angeles, California – Our Net Lease Properties news today is on a rare West Los Angeles Starbucks net leased property. This STNL (single Tenant net lease property) is located distinctly in Culver City. A Commercial Real Estate Broker who specializes in Net Lease Properties has helped to procure the sale of this Net Leased Property with Starbucks as Tenant. Olive Investment Group sold the Starbucks Net Lease Investment even though the Building did not have the usual California Drive-Through.
This Starbucks Net Lease Property is situated at 12313 Jefferson Blvd, in Culver City, California. The California Net Lease Property has the zip code of 90230 and sits in Los Angeles County. The Starbucks Net Lease Investment benefits from the location on the northeast corner of Jefferson Boulevard and Centinela Avenue, for extensive retail traffic zooming by. The net lease investment uses both streets which are major traffic thoroughfares and commercial corridors that provide direct access routes to the (90) Marina Freeway.
The rare single tenant net lease property, is a freestanding Starbucks that is welcomed in California. This net lease investment is a Fee simple deal, with an original 15 year net lease that has 11 years left. This net lease has a clause with a Corporate guarantee by Starbucks (NYSE: SBUX ). This Net Lease Property tenant currently has a Standard & Poor’ s rating of BBB+.
The net leased property buyer was a Private Investor who is based in Los Angeles County. The net lease investment was marketed as a 6.40% Cap Rate. The California private investor paid about $2.697M which equates to approximately $1,189 per square foot. The Starbucks Net Lease Investment was constructed in 2007, and the property is a single story retail building. The Net lease property with a corporate guaranteed lease by Starbucks has a building that is approximately 2,249 square feet. The lot, 13,939 square feet, is not very large for this net leased property.
The net lease property Tenant, Starbucks, is currently the top specialty coffee retailer in the World, with over 16,000 coffee locations, in 50 countries. This Starbucks Net Lease Property Tenant is listed on Forbes 2007 list of One of the Best Companies to work for. Starbucks is a great NNN Commercial Real Estate Tenant as they have reported revenues of $9.8 8 billion and a market capitalization of $18.52 billion.
This Los Angeles Net Lease Investment is situated at a high traffic intersection which boasts a traffic count in excess of 40,111 cars a day. This net lease investment uses this high traffic location to their advantage while sitting in a densely populated surrounding retail area with about 224,599 people in a three-mile radius. Also this California Net Lease Property benefits from over 625,000 people in a five-mile radius with an average household income of more than $90,557.
The Net Lease Investment is strategically situated between the exclusive city of Marina Del Rey to the northwest, bustling Playa Del Rey to the southwest, Loyola Marymount University (plenty of caffeine needs at the University) and Westchester to the southwest. The net leased property is close to the Del Rey district to the northwest, LAX International Airport to the South, and the beautiful Pacific Ocean to the West. The Starbucks Net Leased Property is near Playa Vista which is immediately adjacent on the other side of Jefferson Boulevard. Playa Vista is one of Los Angeles County’s most exciting, new communities that will consist of a 1,087 acre mixed -use development. This Playa Vista, California mixed-use development will consists of more than 6,236 residential locations.
Contact Net Lease Properties to purchase Commercial Real Estate all across the Country. Net Lease Properties are excellent for a replacement property in a 1031 Exchange.
Re-development financing for NNN Property, and Single-Tenant net lease properties may get Commercial Loans at Loanrise.com.
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