Starbucks NNN Property For Sale — Cerritos, CA
20280 Bloomfield Ave, Cerritos, CA 90703
This Starbucks investment property in Cerritos, California offers a fee simple interest in a newly built asset. The tenant, Starbucks Corporation, holds an investment-grade rating (S&P: BBB+, NASDAQ: SBUX) and recently signed a new 15-year lease with six 5-year options, demonstrating a strong commitment to the location. The lease includes 10% rental increases every 5 years, providing a steady growth in Net Operating Income and protection against inflation. With limited landlord responsibilities, this property presents an ideal, low-management investment opportunity. The property features high-quality construction and a modern design. The asset benefits from a prime location at the signalized hard corner of Bloomfield Avenue and Del Amo Boulevard, with high traffic counts. It is strategica…
- Address: 20280 Bloomfield Ave, Cerritos, CA 90703
- Asking price $5.69M
- 4.75% cap rate
- NOI $270,108
- 15 years remaining
- NNN lease
- Year built: 2024
- Building size: 1,844 SF
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Starbucks property is at 20280 Bloomfield Ave in Cerritos, California.
Asset type: Retail