For Sale
$2,599,000

17254 Lakewood BlvdBellflower, CA 90706

Prime Bellflower Starbucks, strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant Starbucks located at 17254 Lakewood Blvd, Bellflower, CA 90706. The 804 square foot building, constructed in 2005, sits on a 10,565 square foot lot and boasts a prime corner location in a high-traffic area of Los Angeles County. Currently operating under a Net Lease (NN) agreement with a 100% occupancy rate, the property generates a strong Net Operating Income (NOI) of $110,470, resulting in a 4.25% cap rate. The lease commenced on October 25, 2004, and expires on February 28, 2026, leaving approximately 1.3 years remaining. The lease includes options to renew, offering investors long-term stability and potential for increased returns. The property's APN is 7162-016-042. This is a rare chance to acquire a well-established, investment-grade tenant in a desirable location with minimal landlord responsibilities. The asking price is $2,599,000.

Highlights

  • $2,599,000 asking price for a Starbucks Net Lease property.
  • Fee simple ownership of an 804 sq ft QSR/Fast Food retail building.
  • Located at a prime corner in Bellflower, CA (17254 Lakewood Blvd, 90706) on a 10,565 sq ft lot.
  • 100% occupancy with a single tenant (Starbucks) under a Net Lease (NN) agreement.
  • $110,470 annual NOI, yielding a 4.25% cap rate.
  • Lease commenced 10/25/2004 and expires 2/28/2026 (approximately 1.3 years remaining). Two 5-year renewal options with 10% rent increases each.

Property Details for 17254 Lakewood Blvd

Property type
Retail properties
Square Feet
804 SF
Year Built
2005

Location Insight

City
Bellflower
County
Los Angeles
State
California
Latitude
33.875078921254
Longitude
-118.14240000332
17254 Lakewood Blvd, Bellflower, California

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17254 Lakewood Blvd
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