New Socal Starbucks With Drive Thru Investmentgrade… — Sale in Phelan, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Phelan, CA 92371
Investment Figures
- Cap rate
- 5.30%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
This offering presents a brand-new construction, built-to-suit Starbucks located in Southern California, featuring the company’s latest prototype design. The double drive-thru is built to accommodate high customer volume and long-term operational efficiency. The property is secured by a new 10-year triple net lease providing stable, passive income with limited landlord responsibilities, complemented by four additional 5-year option periods and regularly scheduled rental increases. Starbucks (NYSE: SBUX) holds a BBB+ investment grade credit rating from Standard & Poor’s, providing investors with an investment grade asset. Strategically positioned on a high-visibility signalized corner with traffic counts exceeding 11,100 vehicles per day, the site benefits from strong consumer exposure and is surrounded by national retailers including McDonald’s, Stater Bros., 7 Eleven, and Dollar General, driving consistent traffic to the area. As the only Starbucks within a 10-mile radius, the property captures demand from a large and expanding trade area. The location is further supported by strong local demographics, including average household incomes of approximately $90k within a 5-mile radius and proximity to three schools with a combined enrollment exceeding 3,100 students. Situated within the Riverside-San Bernardino-Ontario MSA, one of the fastest growing regions in the United States with over 4.65 million residents, this asset offers a compelling opportunity for long term, passive investment in a high growth market. Investment Highlights: • BRAND NEW CONSTRUCTION IN SOUTHERN CALIFORNIA: Newly constructed built-to-suit construction, featuring a modern prototype design and a double drive-thru • LONG TERM PASSIVE NET LEASE: New 10-year net lease providing stable income with limited landlord responsibilities, along with four additional 5-year option periods and regularly scheduled increases • ONLY STARBUCKS WITHIN A 10-MILE RADIUS: This Starbucks location serves a large and
Market Context
This retail in Phelan, CA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Phelan, CA — view the full market.
Contact
- Lior Regenstreif · (818) 212-2730 · lior.regenstreif@marcusmillichap.com
- Danny Abergel · (818) 212-2715 · danny.abergel@marcusmillichap.com
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