14521 Ramona BlvdBaldwin Park, CA 91706

Property Details for 14521 Ramona Blvd

Year built

2024

Lot size

0.85 AC

Property type

Retail properties

Description

This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros. Coffee drive-thru, situated on a 0.85-acre lot in Baldwin Park, California. The property boasts a 15.1-year absolute NNN ground lease commencing August 5, 2024, and expiring August 31, 2039, with three 5-year options, each including a 10% rent increase. The current annual net operating income (NOI) is $150,000, representing a 4.25% cap rate on the $3,530,000 asking price. This passive investment requires no landlord responsibilities. The location is highly desirable, positioned as an outparcel to the Park Plaza on Maine shopping center, anchored by Superior Grocers and featuring other national tenants such as Bank of America, Chase Bank, CVS, El Pollo Loco, WaBa Grill, and O'Reilly Auto Parts. Benefiting from exceptional freeway access via I-10 and I-605, the property enjoys high visibility and traffic counts. Furthermore, its proximity to two high schools and a dense population base (over 533,000 people within a 5-mile radius) ensures strong customer traffic. The property's APN is 8437-004-071. This is an irreplaceable drive-thru site in the Los Angeles area, offering significant long-term growth potential.

Location Insight

City

Baldwin Park

County

Los Angeles

State

California

Latitude

34.0878

Longitude

-117.958

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