959-999 E Spring St
Signal Hill, CA 90755
Starbucks/Sprint/B of A (ATM)/ Chipotle · Retail Property For Sale

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in a freestanding 4-tenant pad buiding (“the Property”) including a Bank of America ATM (“the Property”), located within a dominant Home Depot anchored community center in Signal Hill (Long Beach), CA. The tenants; Starbucks, Chipotle, Sprint and Bank of America (ATM) are all strong national/credit tenants which feature corporate guaranteed NNN leases, providing ease of management with expenses passed through to the tenant and is an ideal investment for a 1031 exchange. The asset also provides multiple option periods for each tenant, allowing for long term security and stability with the potential for each tenant to remain at the property for an additional 10 to 15 years. Starbucks: Public Company: (NASDAQ: SBUX), S&P rated A, fiscal 2017 revenue of $22.38 billion, fiscal 2017 net income of $2.88 billion, fiscal 2017 total assets of $14.36 billion and fiscal 2017 market cap of $5.45 billion Chipotle: Public Company: (NYSE: CMG), fiscal 2017 revenue of $4.47 billion, fiscal 2017 net income of $176.25 million, fiscal 2017 total assets of $2.04 billion and fiscal 2017 market cap of $1.36 billion Sprint: Public Company: (NYSE: S), S&P rated B, 2018 revenue of $32.40 billion, 2018 net income of $7.38 billion, 2018 total assets of $85.45 billion and 2018 market cap of $26.35 billion Bank of America: Public Company: (NASDAQ: BAC), S&P rated A, fiscal 2017 revenue of $83.95 billion, fiscal 2017 net income of $18.23 billion, fiscal 2017 total assets of $2.28 billion and fiscal 2017 market cap of $244.82 billion. https://fliconnect.runmybusiness.com/projects/7353/realestate/listing