Prime Absolute NNN Ground Lease – Freestanding Starbucks secured by a newly executed 12.5-year absolute NNN ground lease with two (2) five-year extension options, offering long-term cash flow stability and residual land value.
Investment-Grade Credit Tenant – Lease guaranteed by Starbucks Corporation (NASDAQ: SBUX), an investment-grade tenant with a global footprint exceeding 40,199+ locations and a proven commitment to ground lease occupancy.
Structured Rent Growth – Lease features 10% rental escalations every five years during the initial term, with a fair market rent reset at the first option and an additional 10% increase at the second, supporting income growth and inflation hedging.
Zero Landlord Obligations – Absolute triple-net structure eliminates all landlord responsibilities, delivering a truly passive, management-free investment.
High-Profile Corner Location – Situated at the signalized intersection of La Cienega Boulevard and Centinela Avenue, a high-traffic corridor with approximately 131,000 vehicles per day, providing superior visibility and accessibility.
Proximity to Major Freeway – Strategically located less than 0.75 miles from the I-405 Freeway, the most heavily traveled freeway in the nation, with nearby segments exceeding 334,000 vehicles per day.
Dynamic Inglewood Submarket – Positioned within a rapidly evolving trade area anchored by major developments including SoFi Stadium, Hollywood Park, The Forum, and the under-construction Intuit Dome; supported by a dense residential base of over 284,000 residents and 105,000 households within a 3-mile radius.