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23820 Avalon BlvdCarson, CA 90745
Starbucks & Quick Quack Car Wash
Asset ClassRetail
Deal Size$12.57 M
Cap Rate: 5.25%Access Data Room
2 Pad Net Lease Investment Los Angeles MSA
overview of deal

Overview

This rare two (2) pad net lease investment features Starbucks & Quick Quack Car Wash. These two industry leading tenants create a phenomenal "one-two punch" long term passive investment in one of the most dense infill submarkets in Los Angeles County.

 

  • Large 1.43 Acre site
  • Signalized Intersection NEC of Avalon & Sepulveda Boulevard
  • ±44,000 VPD
  • New long term leases
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Investment Highlights

Starbucks Coffee & Quick Quack Car Wash

NOI (YEAR 1) $660,000

INCREASES / OPTIONS

  • Starbucks – 10% Increases / 5 Yrs | Four (4) Five (5) Yr Options
  • Quick Quack – 10% Increases / 5 Yrs | Two (2) Five (5) Yr Options

LEASE EXPIRATION

  • Starbucks – 10 Years from Rent Commencement Date
  • Quick Quack – 20 Years from Rent Commencement Date

ORIGINAL COMMENCEMENT DATE

  • Starbucks - (Pending - RCD = Opening For Business - Projected Q4 2024).
  • Quick Quack - Lease Term Commenced 1/31/24, Rent Commenced 7/25/24.

LEASE TYPE

  • Starbucks – NNN Fee Simple (LL Roof & Structure)
  • Quick Quack – Absolute NNN Fee Simple Ground Lease (Zero LL Responsibilities)

LAND AREA ±62,358 SF (1.43 AC)

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23820 Avalon BlvdCarson, CA 90745

For more information, please contact:

Simon MattoxSenior Vice President

License #: 01732008

310.906.3295simon.mattox@kidder.com

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Listing provided by Revere CRE