Starbucks | Corcoran, CA

2,000 SF | Retail Building | Corcoran, CA 93212 | $3,270,000 ($1,635/SF) | 5.15% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,270,000

Property Type
Retail
Square Feet
2,000 SF
Price / Square Foot
$1,635

Listing Contacts

Sean Cox
Sean Cox
Verified Profile
Bill Asher
Bill Asher
Verified Profile
Alexander Moore
Alexander Moore
Verified Profile
  • Property Info

Property Overview

New 10-Year Lease | No Early Termination | Only Starbucks in a 15-Mile Radius

Property Details

Class
B
Year Built
2023
Stories
1
Lot Size (sq. ft)
17,860 SF

Highlights

  • Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru & Cafe: New 10-year Lease; 10% increases every 5 years
  • Extremely Limited Competition: Next closest Starbucks location is over 15 miles away and this is the only Starbucks location in the City of Corcoran
  • Favorable Drive-Thru & Cafe Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru
  • Ideally Situated Along Whitley Avenue, Corcoran’s Major Commercial and Retail Corridor
  • Corcoran is Home to J.G. Boswell Company; One of the Largest Irrigated Farming Operations in the World
  • California High-Speed Rail Runs Through Corcoran: The $100 Billion project will connect Merced to Bakersfield (330,000 jobs)

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