5750 Lindero Canyon Rd - Fast Food FOR SALE


Westlake Village, CA 91362
$5,112,000 USD
415-413-3005
5750 Lindero Canyon Rd, Westlake Village, CA for Sale
$5,112,000 USD
Fast Food - FOR SALE
1/8
null | 4.5% Cap Rate

5750 Lindero Canyon Rd
Westlake Village, CA 91362


HIGHLIGHTS

  • 10-year net lease with Starbucks Corporation commencing January 23, 2025, expiring February 28, 2035, offering stable cash flow
  • 10% rental increases every 5 years in the initial term and four 5-year options
  • Tenant handles all taxes, insurance, and maintenance (excluding roof and structure), minimizing landlord responsibilities
  • Starbucks, a Fortune 500 company, operates over 16,000 U.S. locations with a $113B market cap (2024), ensuring creditworthy tenancy

OVERVIEW

This Starbucks sits at 5750 Lindero Canyon Road, an outparcel to a bustling shopping center anchored by Smart & Final, Michaels, and PetSmart. The 0.57-acre site benefits from 41,480 AADT on Lindero Canyon Road (2010) and proximity to the 101 Freeway (160,000 AADT, 2018). Its strategic position ensures high visibility and accessibility for both local residents and commuters. Completed in 2025, the 3,391 SF building reflects Starbucks’ latest prototype with premium finishes and efficient layout. The remodel enhances customer experience with modern décor and optimized operational flow. This high quality asset offers long-term value with minimal near-term capital expenditure. The 10-year net lease, starting January 23, 2025, requires Starbucks Corporation to cover all taxes, insurance, and maintenance (excluding roof and structure). Four 5-year renewal options extend potential tenancy to 2035, with landlord responsibilities limited to roof and structure upkeep. This structure delivers a low-management investment with a starting NOI of $230,000 at a 4.50% cap rate. The lease features 10% rent increases every 5 years, raising annual rent from $230,000 to $253,000 in years 6-10 and up to $370,417 in Option 4 (years 26-30). This escalation provides a hedge against inflation and a growing return, reaching 7.25% by 2035. The predictable income stream appeals to investors seeking stability and appreciation. Within 1 mile, the 2024 population is 6,637, with an average household income of $235,219, the highest among the 1-, 3-, and 5-mile radii. By 2029, this figure is projected to climb to $265,753, a 13.3% increase, driven by a wealthy, stable community. This demographic strength supports Starbucks’ premium pricing and brand loyalty. The property leverages its adjacency to a high-traffic shopping center and proximity to major retailers like Target and Home Depot within 3 miles. Esri data shows 27% of adults within 1 mile visited Starbucks in the past 6 months (2024), outpacing national averages (MPI 128). This synergy and demand make it a standout investment in a competitive market.

FOR SALE DETAILS

PRICE

$5,112,000 USD

PRICE/SF

$1,508 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

LCA2

APN/PARCEL ID

2054-033-014

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.