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Starbucks Shadow Anchored - 2 Retail Blds 8502-8504 Telegraph Rd 1,888 SF Retail Building Downey, CA 90240 $1,195,000 ($632.94/SF)
Investment Highlights
- Shadow Anchored by Starbacks w/460K Visitors Annually - Excellent Owner User Opportunity
- $6,219 Monthly Income Currently - Immediate Rental Upside
- Month-to-Month Tenancy - 1,500 SF Free Standing Retail & Season Taco Business Takeover Possibility
- Adjacent Starbucks 94% Nationally, 88% California, 81% Locally - Most Visited Locations {Placer - AI}
Executive Summary
Kidder Mathews is pleased to present two free-standing buildings at the major intersection of Lakewood Blvd and Telegraph Road in the City of Downey. These properties are shadow-anchored by one of the most-visited Starbucks locations in the nation, with over 460,000 visitors annually.
The tenants are currently on a month-to-month basis, presenting a tremendous opportunity for an investor or owner-user. There is immediate upside for an investor looking to capture a handsome cap rate, or an owner-user can occupy the property with just 30 days' notice to vacate.
The property also provides a supplemental income stream from a billboard and offers ample parking in the front and side portions of the parcel. It is situated on a cul-de-sac, with several parking spaces usually available.
The tenants are currently on a month-to-month basis, presenting a tremendous opportunity for an investor or owner-user. There is immediate upside for an investor looking to capture a handsome cap rate, or an owner-user can occupy the property with just 30 days' notice to vacate.
The property also provides a supplemental income stream from a billboard and offers ample parking in the front and side portions of the parcel. It is situated on a cul-de-sac, with several parking spaces usually available.
Property Facts
Sale Type
Owner User
Property Type
Building Size
1,888 SF
Building Class
C
Year Built
1956
Price
$1,195,000
Price Per SF
$632.94
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.10 AC
Zoning
DOC3 - Commercial
Parking
4 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6367-033-001 | Improvements Assessment | $184,013 |
| Land Assessment | $432,972 | Total Assessment | $616,985 |
Property Taxes
Parcel Number
6367-033-001
Land Assessment
$432,972
Improvements Assessment
$184,013
Total Assessment
$616,985
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Starbucks Shadow Anchored - 2 Retail Blds | 8502-8504 Telegraph Rd