20280 Bloomfield Ave Cerritos, CA 90703

This property offers the opportunity to acquire a fee simple interest in a corporate-guaranteed Starbucks investment property in Cerritos, California. The property features a brand new 15-year lease with Starbucks Corporation, which includes six 5-year options to extend. The lease incorporates 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The property benefits from limited landlord responsibilities. The new construction features a modern building design. Situated at the signalized corner of Bloomfield Avenue and Del Amo Boulevard, the location benefits from a combined daily traffic count of 53,400 vehicles. The property is an outparcel to Target, receiving crossover retail exposure from the adjacent store, which attracts approximately 1.8 million annual visitors. The location is near John F. Kennedy High School and Artesia High School. Adjacent to the Cerritos Sports Complex, the site benefits from families participating in youth sports programs. The property is accessible from State Highway 91 and Interstate 605. The 5-mile trade area includes a population of over 599,100 residents and 237,300 employees, with an average household income of $139,297 within 3 miles of the property. The property size is 1,844 square feet.