8502-8504 Telegraph Rd - Retail FOR SALE


Downey, CA 90240
$1,195,000 USD
310-658-3375
8502-8504 Telegraph Rd, Downey, CA for Sale
$1,195,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

NEW


8502-8504 Telegraph Rd
Downey, CA 90240


HIGHLIGHTS

  • Shadow Anchored by Starbacks w/460K Visitors Annually - Excellent Owner User Opportunity
  • Month-to-Month Tenancy - 1,500 SF Free Standing Retail & Season Taco Business Takeover Possibility
  • $6,219 Monthly Income Currently - Immediate Rental Upside
  • Adjacent Starbucks 94% Nationally, 88% California, 81% Locally - Most Visited Locations {Placer - AI}

OVERVIEW

Kidder Mathews is pleased to present two free-standing buildings at the major intersection of Lakewood Blvd and Telegraph Road in the City of Downey. These properties are shadow-anchored by one of the most-visited Starbucks locations in the nation, with over 460,000 visitors annually. The tenants are currently on a month-to-month basis, presenting a tremendous opportunity for an investor or owner-user. There is immediate upside for an investor looking to capture a handsome cap rate, or an owner-user can occupy the property with just 30 days' notice to vacate. The property also provides a supplemental income stream from a billboard and offers ample parking in the front and side portions of the parcel. It is situated on a cul-de-sac, with several parking spaces usually available.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$445 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Starbucks Shadow Anchored - 2 Retail Blds

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,315 SF

ZONING

DOC3

APN/PARCEL ID

6367-033-001

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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Jay MartinezKidder MathewsMore Info
310-658-3375

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