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    6240 York Blvd Los Angeles, CA 90042

    Sponsored
    For Sale
    $3,950,000

    High-yield Starbucks, 10-year lease

    Property size:
    1,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a single-tenant, corporate-leased Starbucks storefront located at 6240 York Blvd, Los Angeles, CA 90042. The property boasts 1,271 square feet on a 0.26-acre lot and features a drive-thru, capitalizing on high traffic volume. With a strong 3.68% cap rate and a substantial net operating income (NOI) of $132,000, this property offers significant returns. The current lease, an Absolute NNN, has 10 years remaining (until May 31, 2034), with three additional five-year options to extend. Rent increases of 10% are built into the lease every five years, with the next increase scheduled for June 2024. The property is zoned LAC4 and was built in 1975. The location benefits from exceptional visibility on a primary east/west retail corridor, close proximity to major freeways, and a dense population with high average household incomes. The high daytime traffic count of 45,000 cars daily at the intersection of York Boulevard and Figueroa Street, combined with over 302,000 employees within a 5-mile radius, ensures consistent customer traffic. This is a rare opportunity to acquire a well-established, high-performing Starbucks in a prime Los Angeles location. The asking price is $3,950,000, representing a price per square foot of $3,147.05. The APN is 5492-034-008.

    Property Features for 6240 York Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,271 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1975

    HighLights

    • Single‑tenant Starbucks drive‑thru on a 0.26‑acre lot.
    • Corporate lease with Starbucks (S&P: BBB+), offering strong investment‑grade credit.
    • High‑traffic location: 45,000 cars daily at the intersection, over 302,000 employees within 5 miles.
    • 10‑year lease remaining (expires May 31, 2034), with three 5‑year renewal options; 10% rent increases every 5 years (next in June 2024).
    • Prime Los Angeles location on a major retail corridor with close freeway access.
    • Densely populated area with high average household incomes exceeding $115,000 within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1833543
    Latitude
    34.1148665

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Starbucks, 10-year lease
    Where is this individual retail property located?
    The property is located at 6240 York Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Single-tenant Starbucks drive-thru on a 0.26-acre lot.; Corporate lease with Starbucks (S&P: BBB+), offering strong investment-grade credit.; High-traffic location: 45,000 cars daily at the intersection, over 302,000 employees within 5 miles.
    Request Owner's contact information
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    Los Angeles, CA 90042
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    6240 York Blvd Los Angeles, CA 90042
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