Retail

Coffee Bean & Tea Leaf - Long Beach, CA

5865 E Spring St Long Beach, California United States 90808-3751
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 2020
Building Area
Land Area ()

Property Description

JLL is pleased to offer for sale the fee simple interest in a newly-constructed Coffee Bean & Tea Leaf (the “Property”) located in Long Beach, California. The Property is leased to The Coffee Bean & Tea Leaf (“CBTL”), a globally recognized coffee chain with over 1,200 locations in 30 countries. CBTL is operating on a net lease structure with 15 years of primary lease term, minimal landlord responsibilities, and rental increases every five years throughout the primary term and renewal options. The Property also features a lease from EVgo on four of the Property’s parking stalls, offering additional rental income from the nation’s largest electric vehicle charging network. Located at the hard corner of Spring Street and Los Coyotes Diagonal, the Property sits in a densely populated and highly trafficked Long Beach retail thoroughfare just 20 miles south of downtown Los Angeles. 

Investment Highlights

  • Newly-constructed Coffee Bean & Tea Leaf Drive-Thru
  • 15-year net lease with rental increases and 3, 5-year renewal options
  • Additional rental income from EVgo electric car charging stations
  • Hard corner location in Long Beach (Los Angeles MSA)
Last Updated Date: 05 Mar 2021
Adam Friedlander
Adam Friedlander
Director, Capital Markets
License details
CA - 1806555
Coler Yoakam
Coler Yoakam
Senior Managing Director, Net Lease Platform Leader
License details
TX-0592885

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Last Updated Date: 05 Mar 2021

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