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    New Starbucks in Cerritos, CA Title is generated by Realmo AI

    20280 Bloomfield Ave, Cerritos, CA 90703

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    New construction Starbucks with a corporate guarantee and desirable location.

    Type:Retail
    Property size:
    1,844 SF
    Price / SF:
    $3,083/SF
    Added:
    Sep 19, 2024
    Days on Market:
    623
    Last Refresh:
    May 13 at 8:18 pm

    Property Features for 20280 Bloomfield Ave

    General Information

    Standard status
    Active
    Size
    1,844 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Jake Prater
    Jake Prater

    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

    HighLights

    • 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.
    • Located in a densely populated, affluent area of Los Angeles County with high average household income ($139,297 within 3 miles).
    • Proximity to major highways (State Highway 91 and Interstate 605) provides easy access and high visibility.
    • Close to schools (John F. Kennedy High School and Artesia High School) and the Cerritos Sports Complex.

    Overview

    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    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

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    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.
    (480) 221-4221 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Prater
    Jake Prater
    Real Estate License ID: CA 02090490
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    20280 Bloomfield Ave, Cerritos, CA 90703
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