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1106 Cornwell St
Los Angeles, CA 90033
Starbucks · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,776 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.40 AC
Zoning
LAC2
Parking
16 Spaces (5.76 Spaces per 1,000 SF Leased)
Frontage
142’ on Marengo St

About 1106 CORNWELL ST , LOS ANGELES, CA 90033

• Corporate NNN Lease – 100% NNN leased to Starbucks Corporation, the world’s premier roaster and retailer of specialty coffee » Starbucks Corporation (Nasdaq: SBUX) operates 28,209 stores, has a revenue of $23 billion, a market capitalization of $79 billion and an S&P rating of A • STNL Asset – 100% leased with no landlord responsibilities, high-quality, 2017 renovation with no deferred maintenance, tenant is responsible for roof maintenance and operating costs • Major Medical Campus Adjacent and 24/7 Location – Situated at the “gateway” to Los Angeles County General Hospital/University of Southern California Medical Center (633 rooms) including its 24-hour Level 1 Trauma Center/Emergency Room and Keck Hospital of USC comprised of two acute care hospitals: 401-bed Keck Hospital of USC and 60-bed USC Norris Cancer Hospital and four outpatient healthcare centers • Long Term Lease – Starbucks is on a new, long-term 10-year lease (9 years remaining) with four 5-year options renew • Infill Demographics – More than 985,500 people in a 5-mile radius with an Average Household Population of $60,100 • 24 Hour Drive-Thru – Starbucks operates it’s drive-thru 24 hours/day to accomodate the around the clock demands of the thousands of employees, students, physicians and patient visitors pulled to the area by Los Angeles County’s largest concentration of medical services

Property Taxes

Property Taxes

Parcel Number
5202-007-026
Land Assessment
$3,681,210
Improvements Assessment
$2,872,459
Total Assessment
$6,553,669
  • Listing ID: 12883794

  • Date on Market: 6/14/2018

  • Last Updated:

  • Address: 1106 Cornwell St, Los Angeles, CA 90033

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