SRS Real Estate Partners’ National Net Lease Group (NNLG) completed the $5.1-million sale of a 1,008-square-foot, single-tenant property occupied by Starbucks. Built in 2021, the property is situated on 0.4 acres at 801 E. Manchester Blvd. in Inglewood, within walking distance to SoFi Stadium, The Forum and the under-construction Intuit Dome.
NNLG VP Brian Wolfman and senior associate Zach Leffers represented the seller, a Los Angeles-based private investor.
“While the current cap rate climate is trending upwards, we were able to drive pricing on this asset due to the investment grade tenancy with 13 years remaining on the absolute corporate-guaranteed lease structure as well as the extremely strong underlying real estate,” said Wolfman.
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