20280 Bloomfield Ave Cerritos, CA 90703
New construction Starbucks with a corporate guarantee and desirable location.
Type:Retail
Property size:
1,844 SF- Added:
- Sep 19, 2024
- Days on Market:
- 578
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 20280 Bloomfield Ave
General Information
- Standard status
- Active
- Size
- 1,844 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Jake Prater License #CA 02090490
Listing office SRS Real Estate Partners Newport Beach
Listing date Sep 19, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Overview
New Starbucks in Cerritos, CA
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.
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Places Nearby
- Boba Loca — 12222 South St, Artesia, CA 90701
- Cone Appetít Desserts & Drinks — 12238 South St, Artesia, CA 90701
- CBD TOFFU — 19318 Ely Ave, Cerritos, CA 90703
- Solid Coffee Roasters - Artesia — 12147 South St, Artesia, CA 90701
- Sunright Tea Studio - Artesia — 12148 South St, Artesia, CA 90701
Location Insight
- Map
- Local Demand
- City
- Cerritos
- County
- Los Angeles
- State
- California
- Longitude
- -118.0621682
- Latitude
- 33.8470947
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - New construction Starbucks with a corporate guarantee and desirable location.
Where is this coffee shop located?
The property is located at 20280 Bloomfield Ave Cerritos, CA.
What is the asking price?
The asking price for this property is $5,686,000.
What are key features of this property?
This property features: Brand new 15‑year lease with Starbucks Corporation (S&P: BBB+, NASDAQ: SBUX) featuring 10% rental increases every 5 years.; Located at a high‑traffic, signalized corner (53,400 VPD) as an outparcel to a Target store with 1.8 million annual visitors.; New construction (2024) with a modern design and limited landlord responsibilities.
