685 Artesia Blvd Long Beach, CA 90805

This exceptional investment opportunity presents a fee-simple interest (land and building) in a 1,993 square foot Starbucks located in Long Beach, California. The property, built in 2020, sits on a 0.41-acre lot with 16 parking spaces and boasts a 100% occupancy rate under a NNN lease with a credit-rated tenant. The current lease, with a remaining term of over five years, includes three five-year renewal options, each with a 10% rental increase. This translates to a strong NOI of $151,250 and a 5.00% cap rate. The property is strategically positioned at a signalized intersection with high daily vehicle traffic, benefiting from excellent visibility and accessibility. The location is part of the Uptown Commons development, surrounded by complementary businesses including Chase Bank, Wendy's, and several other food establishments, creating a synergistic retail environment. The surrounding area features a dense population with high average household incomes, further enhancing the investment potential. The property's zoning is CCA. This is a rare opportunity to acquire a high-performing, low-management retail asset in a prime Los Angeles County location with significant upside potential due to built-in rental increases and lease extensions. The property features a drive-thru.