Rare Starbucks Corporate Ground Leased investment in great Los Angeles location in San Pedro California. Original 20 year ground lease term that commenced in May of 2017 with approximately 12+ years remaining. Absolute NNN lease with Starbuck’s Inc. with tenant paying all property taxes, insurance, and maintaining the land & building for the term of the ground lease plus options at their sole expense. There are 10% fixed land rent increases every 5 years during the primary ground lease term & options. Newer 880 Square Foot drive thru restaurant with a pickup window that was constructed in 2017 by Starbucks at their expense. Free standing building at heavily trafficked hard corner signalized intersection with traffic counts that exceed 43,000 cars per day. Successful very high-volume Starbucks location as a result of the tremendous vehicle traffic combined with dense residential developments surrounding the property with over 110,000 residents within a 3 mile radius. There is also a very strong daytime population with over 23,000 employees within a 2 mile radius of the Starbucks. A Von’s grocery store, CVS & Rite Aid drug stores anchor a very strong retail trade area which features numerous national fast food restaurants, retailers, automotive uses, and many professional offices along Gaffey and 9th Streets. This combination of unique factors creates one of the more successful Starbucks drive thru restaurants in the Los Angeles area market. There are no landlord responsibilities for any maintenance obligations – Starbucks pays all taxes, insurance, and maintains everything in addition to paying ground rent. There is no “right to cancel the lease for economic performance issues” like other Starbucks NNN leased Investments. There is also no “right of first refusal” for Starbuck’s to acquire the property under the lease. Overall, the Starbucks Ground Lease offers an investor the rare opportunity to acquire an urban infill ground lease drive-thru asset in a submarket with extremely high barriers to entry in a mature Los Angeles market. The Starbucks property is also located adjacent to the Historic Old Town San Pedro as well as the Port of Long Beach tourist attractions featuring the Queen Mary, Battleship Iowa and the Catalina Ferry. The Port of Long Beach is one of the largest shipping terminals in the United States and employs over 50,000 people, a $9 billion economic impact, and over $3 million in income to the city of Long Beach. The Port of Long Beach is also experiencing tremendous redevelopment currently with over $1 billion of investments in new retail centers, restaurants, parks, residential development, and municipal facilities.