About This Restaurant
Investment Highlights
Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru: New 10-year lease; 10% increases every 5 years, including the option periods Top-Performing Market for Starbucks: Existing Starbucks Drive-Thru locations in Barstow rank in the 98th?and 97th percentile in the chain nationwide High Barriers to Entry Market for QSRs: Freeway sites in Barstow are extremely rare to come by Rare 24-Car Drive-Thru Stacking Line: Features?one of Starbucks longest drive-thru stacking lines due to expectations of high volume High-Traffic Location; Easily Accessible to Interstate 15: 86,000 CPD pass the subject property Over 60 Million Travelers Pass Thru Barstow Annually: Interstate 15 is the major north-south highway used by commuters to reach LA, Las Vegas, SD
Executive Summary
New 10-Year Lease | No Early Termination | 24-Car Drive-Thru Stack
Property Details
- Sale Type Investment
- Property Type Retail Retail General Retail Fast Food Retail
- Building Size 1,237
- Building Class B
- Year Built 2024
- Construction Status Under Construction
- Price 4,315,000
- Price Per SF 3,488
- Cap Rate 4.75
- NOI 205,000
- Tenancy Single
- Building Height 1 Story
| Date Created: | 2024-07-16 04:09:22 | Last Updated: | 2024-07-16 04:09:22 |
| Address: | 2567 Commerce Pky , Barstow, California, 92311 | ||