1740 Centinela Ave Inglewood, CA 90302-1027
- Drive through restaurants
- 888 SF
- 0.38 lot acres
Current Use by Public Records
- Starbucks / Internet Cafe / Breakfast Restaurant
Property Details for 1740 Centinela Ave
- Year built
- 2017
- Construction
- WOOD
- Lot size
- 0.38 lot acres
- Property size
- 888 SF
- Zone code
- INC2YY
- Property type
- Drive through restaurants
- APN
- 4001-020-033
- APU
- 4001020033
Description
This exceptional investment opportunity presents a leased fee interest in a Starbucks located at 1740 Centinela Ave, Inglewood, CA 90302. The property boasts a 13.3-year remaining lease term (expiring February 28, 2038) with a 10% rent increase every five years. The 880 square foot building, constructed in 2017, sits on a 0.39-acre lot and includes 9 parking spaces. The property operates under an absolute NNN lease, shielding the owner from operational expenses. The current annual net operating income (NOI) is $220,000, representing a 4.00% cap rate on the $5,500,000 asking price. The property benefits from its prime location at a busy intersection near the 405 Freeway, within the Hollywood Park redevelopment area, and enjoys excellent visibility. The ground lease expires February 28, 2028. The lease includes a unique provision for a 10% to 30% rent increase upon renewal, maximizing future returns. This drive-thru Starbucks operates in a high-income, densely populated area, promising strong long-term performance. The property is zoned commercial and has a Los Angeles County APN of 4001-020-033. This is a rare opportunity to acquire a high-performing, established asset with significant upside potential.
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
- Inglewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.37
- Latitude
- 33.9776
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
