This rare Net lease Portfolio features Starbucks & Quick Quack Car Wash.
Large 1.43 Acre site
Signalized Intersection NEC of Avalon & Sepulveda Boulevard
±44,000 VPD
New long term leases
*must be purchased together
STARBUCKS: $4,750,000 (5.58% CAP)
QUICK QUACK: $6,250,000 (6.32% CAP)
TOTAL PORTFOLIO: $11,000,000 (6.00% CAP)
NOI (YEAR 1) $660,000
INCREASES / OPTIONS
Starbucks – 10% Increases / 5 Yrs | Four (4) Five (5) Yr Options
Quick Quack – 10% Increases / 5 Yrs | Two (2) Five (5) Yr Options
LEASE EXPIRATION
Starbucks – Feb 28,2035
Quick Quack – Jan 31, 2044
ORIGINAL COMMENCEMENT DATE
Starbucks - Grand opening was Nov 14, 2024.
Quick Quack - Lease Term Commenced 1/31/24, Rent Commenced 7/25/24.
LEASE TYPE
Starbucks – NNN Fee Simple (LL Roof & Structure)
Quick Quack – Absolute NNN Fee Simple Ground Lease (Zero LL Responsibilities)
LAND AREA ±62,358 SF (1.43 AC)