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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

TONY LUNETTA

626.840.1175

TonyL@KW.com

DRE: 01375955

JOHN BUNCH

626.833.5360

JohnBunch@KW.com

DRE: 01013633

OM ACCESS FORM

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