Coffee Bean
Baskersfield, CA
The Coffee Bean & Tea Leaf (sometimes shortened to simply “Coffee Bean” or “The Coffee Bean”) is an American coffee chain founded in 1963. It is owned and operated by International Coffee & Tea, LLC, which has its corporate headquarters in Los Angeles, California. As of 2016, the chain has over 1,000 self-owned and franchised stores in the United States and 29 other countries.
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Tenant Overview
Coffee Bean consists of mostly corporate locations, however do have a franchising model. Coffee beens typically have a higher price point than Starbucks, however does retain a strong brand following and loyal customer base. Typically located in strong retail corridors with high traffic counts and favorable demographics.
Positives:
- Loyal Customer Following
- Typically located in high traffic locations
- Typically Long term leases with increases
Negatives:
- Typically low cap rates
- Typically High Price Per Square Foot
- Higher priced perception
Market Snapshots:
On Market Ranges:
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Last 12 Month Range:
# of Properties in set: 3
Price: $2,754,810 - $3,218,780Average: $2,899,799
PPSF: $1936 - $2508Average: $2200
Year Built: 1987 - 2018Average: 2008
CAP Rate Range: 3.67% - 4.09%Average: 3.90%
Size range: 730 sq ft - 1,710 sq ft Average: 1,330 sq ft
Coffee Bean Similar Tenants
Coffee Bean Company Profile
Headquarters Information
Los Angeles, California
Founded in 1963
Company type: Private
Sector: Services
Industry: Restaurants Retail coffee and tea
# of Employees: 12,000