Starbucks | Glendale, CA
Sands Investment Group is Pleased to Exclusively Offer For Sale the Brand-New Starbucks Triple Net Lease Investment Opportunity Located at the 241 North Central Avenue in the Heart of Downtown Glendale, California. Starbucks is the World’s Largest Coffeehouse Chain Featuring Over 32,938 Locations in 80 Countries. This Property Has a New 15 Year Lease Term With an Investment Grade Credit Guarantee. Situated Within a Couple of Blocks From the Glendale Galleria and The Americana at Brand Shopping Mall, This Truly is a Trophy Location. With 10% Increases Every 5 Years and Minimal Landlord Responsibilities, This Investment Offers a Long-Term Secure Income Stream, Hedge Against Inflation With a Pandemic, Recession and an Internet Resistant Tenant.
BEST IN CLASS INVESTMENT
- New 15 Year Triple Net (NNN) Lease With Minimal Landlord Responsibilities
- 10% Increase Every 5 Years Providing Hedge Against Inflation
- Corporate Guaranteed Lease – Investment Grade Security (NASDAQ: SBUX)
- Drive-Thru Location With Outdoor Patio
PANDEMIC, RECESSION & INTERNET RESISTANT TENANT
- New Lease Commenced and Store Opened During Pandemic Demonstrating Strength of Concept and Tenant
- Drive-Thru Window and Outdoor Patio Seating Area – Protects Business Against Future Potential Lockdowns
- Starbucks is the World’s Largest Coffeehouses Chain Featuring Over 32,938 Locations Globally
- Company Showing Continued Growth of Digital Customer Relationships – Starbucks Rewards Loyalty Program Increased Over 2.5 Million in the First Quarter of 2021
CORE INFILL TROPHY DOWNTOWN GLENDALE LOCATION
- Located Within Blocks of The Iconic Americana at Brand – A World-Class Retail, Restaurant, Entertainment and Residential Destination; It Features Over 80 Retail Shops and Entertainment Tenants, 100 Condominiums and Over 240 Luxury Apartments
- 2 Blocks From Glendale Galleria Shopping Mall With More Than 1.6 Million Square Feet of Retail Space
- Extremely Dense Population Base – Over 226,005 People Within a 3-Mile Radius
- High Income Demographics – Average Household Income Over $96,977 Within a 5-Mile Radius
- Strong Traffic Counts – Approximately 32,000+ Cars Per Day
- Nearby Tenants Include: Macy’s, Dillard’s, JCPenney, Chipotle, Home Depot, Forever 21, Target, CVS Pharmacy, Old Navy, T.J. Maxx, Dunkin’, Bank of America, Nike, Barnes and Nobles, McDonald’s, Panda Express and More
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