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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 2 Updated: 09.15.25 Posted: 09.15.25 Status: Active     09.15.25

Summary

Price $4,255,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 4.70%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 1,055
Lease Start 03-01-2024
#Units 38,038
Price/SF $4,033.18
Expiration 03-01-2034
Tenant Type Fast Food/QSR
NOI $200,000
R. Term 8.50
Ownership Fee Simple
Rent/SF $189.57
Increases 10.0%/6/yrs
Pop 5Mi 392,836
Lot/AC 0.35
Options 4/5yrs/10%
AHHI 5Mi $115,910

Highlights

  • Brand new 2024 Starbucks drive-thru with corporate guarantee from Starbucks Corporation
  • Long 10-year NNN lease commencing March 2024
  • Rare 10% rent increases every 5 years throughout base term
  • Four 5-year renewal options provide long-term occupancy stability
  • Starbucks responsible for building, parking lot, sidewalks, and landscaping maintenance
  • Located on Azusa Avenue with 48,900 vehicles per day
  • Strong trade area anchored by Walmart, Home Depot, Aldi, and Walgreens
  • Five-mile trade area includes 392,836 residents with $115,910 average household income

Location Description

Starbucks is strategically located along Azusa Avenue in Azusa, California, with access to a daily traffic count of approximately 48,900 vehicles. The site is surrounded by major national retailers including Walmart, Home Depot, Aldi, etc, driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and new developments such as Azusa...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:38,038
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About Tenant

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...


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