Views: 0 Updated: 12.05.23 Posted: 11.07.23 Status: Inactive


Price $4,995,000
Built/Renov 2023
Tenant Starbucks
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 1,129
Lease Start 09-21-2023
#Units 36,000
Price/SF $4,424.27
Expiration 02-01-2034
Tenant Type Fast Food/QSR
NOI $200,000
R. Term 10.1
Ownership Fee Simple
Rent/SF $177.15
Increases 10.0%/5/yrs
Pop 5Mi 364,343
Lot/AC 1.44
Options 4/5yrs/9%
AHHI 5Mi $115,765

Lease Highlights

  • Brand-new construction, opening September 2023
  • Starbucks executed a brand-new 10-year lease in 2023 with 4 (5-year) options to extend
  • Lease features rental increases of 10% every 5 years in the primary term and in each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)
  • Starbucks is an investment grade tenant (S&P: BBB+)

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Orange Ave and Third Ave, with a combined traffic count of 35,506 vehicles passing by daily. The property is within close proximity to national/credit tenants including O’Reilly’s, AutoZone, and Jack in the Box. The 5-mile trade area surrounding the location is supported by a population of 116,640 residents, with...



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  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • # Units:36,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock:NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 32,380 210,345 380,496
2023 Total Population : 32,431 211,209 368,932
2023 Employed Civilian Pop : 14,083 93,806 167,531
2023 Total Businesses : 950 5,684 10,407
2023 Average Household Income : $ 78,368 $ 94,220 $ 104,136
2023 Total Consumer Spending : $ 698 M $ 5174 M $ 10054 M
2023 Median Age : 36 35 35
2023 Total Households : 10,089 63,561 112,284
2023 Pop Age 25+: Bachelor's Degree : 2,050 19,489 41,101
2023 Average Home Value : $ 476,729 $ 591,951 $ 656,168
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
3rd Avenue Alley 2022 20,303 0.07 mi
Orange Ave Banner Ave 2012 16,000 0.11 mi
3rd Avenue Quintard St 2022 17,580 0.11 mi
Quintard Street el Lugar St 2022 5,647 0.16 mi
Orange Avenue Quintard St 2022 16,741 0.17 mi
Quintard St 2nd Ave 2017 5,647 0.19 mi
2nd Avenue Quintard St 2022 4,790 0.23 mi
3rd Ave Quintard St 2013 26,200 0.24 mi
Anita St Fresno Ave 2013 4,000 0.30 mi
4th Avenue Anita St 2022 11,321 0.31 mi

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