Starbucks

728 Colusa Avenue, Yuba City, CA 95991

$2,297,000

Cap Rate 5.00%

Views: 145 DOM: 370 Updated: 09.05.24 Posted: 11.29.23 Status: Active 09.05.24

Summary

Price $2,297,000	Built/Renov 2022	Tenant Starbucks
Cap Rate 5.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,200	Lease Start 06-01-2022	#Units 36,000
Price/SF $1,044.09	Expiration 05-30-2032	Tenant Type Fast Food/QSR
NOI $114,840	R. Term 7.6	Ownership Fee Simple
Rent/SF $52.20	Increases 10.0%/4/yrs	Pop 5Mi 115,416
Lot/AC 1.14	Options 3/5yrs/10%	AHHI 5Mi $83,366

Lease Highlights

Brand-new, state-of-the-art construction with drive-thru and patio area with seats and tables
New, 20-year transferable roof warranty in place
Starbucks has 8+ years of firm term remaining with 3 (5-year) options to extend
The lease features 10% rent increases every 5 years
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Colusa Avenue/Main Hwy 20 and Clark Avenue, offering excellent visibility and a combined daily traffic count of 46,900 vehicles. The property is conveniently situated less than a mile from Highway 99 and is positioned in a densely populated retail area, surrounded by various national retailers. Furthermore, it is...

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Key Features

New construction
Signalized intersection
Roof guarantee
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Yuba City, California Zip Code 95991 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:36,000
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	15,131	79,253	115,922
2023 Total Population :	15,176	79,251	115,416
2023 Employed Civilian Pop :	5,551	32,453	47,035
2023 Total Businesses :	1,374	3,543	4,040
2023 Average Household Income :	$ 60,851	$ 82,228	$ 83,366
2023 Total Consumer Spending :	$ 296 M	$ 1935 M	$ 2767 M
2023 Median Age :	33	36	35
2023 Total Households :	5,528	27,142	38,257
2023 Pop Age 25+: Bachelor's Degree :	778	7,396	10,435
2023 Average Home Value :	$ 302,335	$ 377,018	$ 377,693

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Clark Ave	Ellis Way	2016	6,593	0.01 mi
Rosalind Ave	Clark Ave	2010	564	0.08 mi
Clark Ave	Wilwick Way	2016	6,233	0.08 mi
Cooper Ave	Ellis Way	2000	2,035	0.09 mi
Stafford Way	Colusa Ave	2000	1,726	0.13 mi
Stafford Way	Rosalind Ave	2011	227	0.13 mi
Stafford Way	Wilkie Way	2011	1,835	0.14 mi
Stafford Way	State Hwy20	2000	1,941	0.14 mi
Orange St	Rosalind Ave	2000	780	0.15 mi
20	Live Oak Blvd	2018	46,500	0.21 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28485 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29545 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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