710 Azusa Ave Azusa, CA 91702
- Retail properties
- 1,055 SF
- 0.35 lot acres
Current Use by Public Records
- Retail properties
Property Details for 710 Azusa Ave
- Year built
- 2024
- Lot size
- 0.35 lot acres
- Property size
- 1,055 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a newly constructed, single-tenant Starbucks Drive-Thru in Azusa, California. Boasting a 1,055 square foot building on a 0.35-acre lot, this property is situated at a high-traffic intersection on Azusa Avenue (48,900 vehicles per day), offering optimal visibility and accessibility. The property benefits from its proximity to major freeways, including Interstate 210 (251,900 VPD), placing it strategically on the "drive to work" side of the street. The 10-year triple-net (NNN) lease includes 10% rent bumps every five years, providing a stable and appreciating income stream. The property features a strong tenant, Starbucks, the #1 World's Most Valuable Restaurant Brand, with a proven track record and significant financial strength. The current asking price is $4,600,000, with a Net Operating Income (NOI) of $200,000 and a 4.35% cap rate. The property is zoned for commercial use and was built in 2024. This location is part of a thriving retail center, anchored by prominent retailers such as Walmart, Home Depot, Aldi, and others, ensuring consistent customer traffic. The lease includes four 5-year options, providing long-term security for the investment. This is a rare opportunity to acquire a high-performing asset in a dynamic market with a strong tenant and favorable lease terms. APN: 8621024012.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Azusa
- County
- Los Angeles
- State
- California
- Longitude
- -117.907
- Latitude
- 34.11
