Starbucks

2536 Highland Avenue, Highland, CA 92346

$3,848,000

Cap Rate 4.85%

Views: 77 Updated: 09.13.24 Posted: 06.13.24 Status: Inactive 10.04.24

Summary

Price $3,848,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 4.85%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 1,020	Lease Start 04-25-2024	#Units 38,038
Price/SF $3,772.55	Expiration 04-30-2034	Tenant Type Fast Food/QSR
NOI $186,619	R. Term 9.6	Ownership Fee Simple
Rent/SF $182.96	Increases 10.0%/5/yrs	Pop 5Mi 227,400
Lot/AC 0.45	Options 4/5yrs/10%	AHHI 5Mi $83,873

Lease Highlights

Brand-new 2024 construction
New 10-year lease with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on the hard corner intersection of E Highland Avenue and Eucalyptus Drive, with access to 27,100 vehicles passing by daily. The property is conveniently situated next to CA-210 (Foothill Freeway), which has a substantial traffic count of 115,000 VPD. The immediate vicinity is surrounded by well-known national tenants including Walgreens, CVS, Bank of America,...

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Key Features

New construction
Roof guarantee
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Highland, California Zip Code 92346 Broker Site Page

Maps

Local Information

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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Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
22199 Views
61 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
20684 Views
57 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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