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4955 Las Virgenes Rd
Calabasas, CA 91302
15-Year Starbucks Drive-Thru in Calabasas · Retail Property For Sale
Investment Highlights
- New 15-Year Corporate Lease - Starbucks Corporation lease with no termination rights and four (4) five-year renewal options
- Rare Drive-Thru Entitlement - One of only three drive-thru properties in the City of Calabasas; no new drive-thrus permitted since 1998
- High-Traffic Freeway Location - Just off Las Virgenes Rd exit of U.S. 101 (Malibu Canyon), a key commuter and tourist corridor
- 10% Rent Increases Every 5 Years - Fixed rental growth throughout the base term and options enhances long-term yield
- Affluent, Supply-Constrained Trade Area - Median home values exceed $2 million and household incomes average nearly $200,000
- Fully Renovated Structure - Delivered turnkey in 2025 with modern infrastructure and no anticipated near-term capex
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,331 SF
Building Class
B
Year Built/Renovated
1981/2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.46 AC
Zoning
CR-SC
Parking
21 Spaces (9.01 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 2064-001-019 | Improvements Assessment | $316,200 |
| Land Assessment | $2,652,000 | Total Assessment | $2,968,200 |
Property Taxes
Parcel Number
2064-001-019
Land Assessment
$2,652,000
Improvements Assessment
$316,200
Total Assessment
$2,968,200
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