215 W Pacific Coast Hwy - Fast Food FOR SALE
Wilmington, CA 90744 |
$5,228,000 USD
818-259-0476
215 W Pacific Coast Hwy
Wilmington, CA 90744
HIGHLIGHTS
- Brand-New Construction with Rare Drive-Thru on PCH: Newly built in 2025, this freestanding Starbucks features a coveted drive-thru on PCH.
- Strong Intrinsic Value: The state-of-the-art ground up development would be extremely costly to replicate in today’s market.
- Strength of Entitlements: The subject property took multiple years to entitle which now grand father the drive-thru use.
- Ten (10)-Year Corporate Lease: Starbucks recently signed an initial lease term of ten (10)-years with five (5), five (5)-year options to extend.
- Investment-Grade Tenant: Starbucks (NASDAQ: SBUX | S&P: BBB+) operates over 41,000 stores globally.
- High Traffic Location: The subject property is situated at the signalized intersection of PCH and Fries Avenue, with exposure to over 44,000 CPD.
FOR SALE DETAILS
PRICE
$5,228,000 USD
PRICE/SF
$2,752 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,682 SF
ZONING
LAR1
APN/PARCEL ID
7421-023-007,7421-023-008
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818-259-0476
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818-259-0476
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