Current Use by Public Records
- Retail properties & Spaces
Property Details for 14521 Ramona Blvd
- Year built
- 2024
- Lot size
- 0.85 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros. Coffee drive-thru, situated on a 0.85-acre lot in Baldwin Park, California. The property boasts a 15.1-year absolute NNN ground lease commencing August 5, 2024, and expiring August 31, 2039, with three 5-year options, each including a 10% rent increase. The current annual net operating income (NOI) is $150,000, representing a 4.25% cap rate on the $3,530,000 asking price. This passive investment requires no landlord responsibilities. The location is highly desirable, positioned as an outparcel to the Park Plaza on Maine shopping center, anchored by Superior Grocers and featuring other national tenants such as Bank of America, Chase Bank, CVS, El Pollo Loco, WaBa Grill, and O'Reilly Auto Parts. Benefiting from exceptional freeway access via I-10 and I-605, the property enjoys high visibility and traffic counts. Furthermore, its proximity to two high schools and a dense population base (over 533,000 people within a 5-mile radius) ensures strong customer traffic. The property's APN is 8437-004-071. This is an irreplaceable drive-thru site in the Los Angeles area, offering significant long-term growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baldwin Park
- County
- Los Angeles
- State
- California
- Longitude
- -117.958
- Latitude
- 34.0878
