Starbucks
2,400 SF | Retail Building | Santa Clarita, CA 91387 | $3,857,000 ($1,607/SF) | 3.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,857,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,400 SF
- Price / Square Foot
- $1,607
Listing Contacts
Daniel Hoogesteger
Verified Profile
Clifton McCrory
Verified Profile
Chris Sands
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Present Exclusively For Sale the Long Term Starbucks Absolute Triple Net (NNN) Ground Lease Located at 19045 Golden Valley Road in Santa Clarita, CA. With a Rare 18-Years Remaining and 10% Increase Every 5-Years, This Asset Offers a Long Term Passive Investment With a Hedge Against Inflation From an Investment Grade Tenant. The Subject Property is an Outparcel to a Lowe's Anchored Shopping Center Creating a Destination Location and Built-In Customer Base. Located Directly Off the Antelope Valley Freeway (California State Route 14), Starbucks Benefits From a Massive Customer Draw From the More Than 154,000 Cars Per Day Driving Past it on the Freeway. The Property is Situated Directly Across the Street From a Target Anchored Center With Other Tenants Including: T.J. Maxx, BevMo, Kohl's, The Habit Burger, Panera Bread and Others Creating Additional Customer Synergy.
In Cooperation With Sands Investment Group, Inc - Lic. #1768950
In Cooperation With Sands Investment Group, Inc - Lic. #1768950
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Storefront, Storefront Retail/Office
- Lot Size (sq. ft)
- 27,443 SF
Highlights
- Rare 18-Years Remaining Triple Net (NNN) Starbucks Ground Lease With No Landlord Responsibilities
- Strong Rental Increases - 10% Every 5 Years Providing Hedge Against Inflation
- New Lease Commenced and Store Opened During Pandemic Demonstrating Strength of Concept and Tenant
- Drive-Thru Window and Outdoor Patio Seating Area - Protects Business Against Future Potential Lockdowns
- Extremely Dense Population Base – Over 79,000 People Within a 3-Mile Radius
- High Income Demographics - Average Household Income Over $105,000 Within a 3- Mile Radius
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