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| Price $4,530,000 | Built/Renov 2019 | Tenant Starbucks |
| Cap Rate 4.25% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
1,612
| Lease Start
11-15-2019
| #Units
38,038
|
| Price/SF $2,810.17 | Expiration
11-30-2029
| Tenant Type Fast Food/QSR |
| NOI $192,504 | R. Term 4.2 | Ownership Fee Simple |
| Rent/SF
$119.42
| Increases 10.0%/6/yrs | Pop 5Mi 641,943 |
| Lot/AC 0.42 | Options 4/5yrs/10% | AHHI 5Mi $131,238 |
| | |
Starbucks corporate NNN lease with 10-year initial term expiring November 2029.
Current rent $192,504 annually with 10% increase in 2029.
Four 5-year renewal options with scheduled rent escalations.
Absolute freeway visibility at CA-22 ramps with ±200,000 vehicles daily exposure.
Built in 2019, modern Starbucks drive-thru prototype on 0.42-acre parcel.
Dense 5-mile trade area with 641,943 residents and $131,238 average household income.
Located 1.5 miles from Chapman University and 1.2 miles from major hospitals.
Offered at $4,530,000 with 4.25% cap rate based on current NOI.
Starbucks is strategically located along North Grand Avenue in Santa Ana, California, with access to a daily traffic count of approximately 33,000 vehicles. The site is surrounded by major national retailers including MainPlace Mall, The Outlets at Orange, and Orange Town & Country Center, driving consistent consumer traffic to the area. The property is located near several schools,...
...New construction
Signalized intersection
Major thoroughfare
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Strong sales history
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...
Carrollton, TX
Cap Rate 3.75%
Lease Abs NNN
R. Term 19.11 yrs
Size/SF 3,850
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
