661.383.1734
offering
memorandum
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highland park
portfolio
Starbucks & Jack in the Box For Sale
OFFERING PRICE
$10,080,000
KW Commercial is pleased to offer for sale a Starbucks with drive through. The location is ideally positioned in the desirable Historic Highland Park area of Los Angeles. Starbucks has shown a strong commitment to this location by executing a lease amendment that creates a fresh 15-year primary term. Effective June 1, 2019, Starbucks will extend their lease to fifteen years with three five-year options. Rental increases of 10% every five years provides a strong hedge against inflation.
PROPERTY SUMMARY
TENANT
ADDRESS
PRICE
BUILDING SIZE
LAND AREA
YEAR BUILT
ZONING
APN
TRAFFIC COUNTS
STARBUCKS
6240 YORK BOULEVARD
$3,490,000
1,271 SF
11,266 SF
2014
LAC4
5492-034-008
46,000 VPD
PROPERTY SUMMARY
TENANT
ADDRESS
PRICE
BUILDING SIZE
LAND AREA
YEAR BUILT
ZONING
APN
TRAFFIC COUNTS
JACK IN THE BOX
6250 YORK BOULEVARD
$6,140,000
2,059
12,605
1968
LAC4
5492-034-009
46,000 VPD
KW Commercial is pleased to offer a Jack in the Box drive-through which is ideally positioned in the desirable Historic Highland Park area of East Los Angeles. The Tenant, Jack in the Box, has executed on August 1, 2018 a 15-Year corporate guaranteed ground lease which features strong 10% rent increases every 5 years throughout the primary term (inflation hedge). Jack in the Box is located on the morning drive side of York Blvd with a combined traffic count of over 46,000 vehicles per day. Easy access for the dinner crowd is provided via a signalized corner and left turn lane. The surrounding area has a very dense population with approximately 241,461 residents and an average household income exceeding $95,000 within a 3-mile radius. Jack in the Box has been a staple in this community for over 50 years.
LISTING AGENTS
