Starbucks

1620 East Main Street, Barstow, CA 92311

$3,545,000

Cap Rate 5.50%

Views: 139 DOM: 260 Updated: 09.18.24 Posted: 03.06.24 Status: Active

Summary

Price $3,545,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 5.50%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 2,500	Lease Start 05-01-2024	#Units 36,000
Price/SF $1,418.00	Expiration 04-30-2034	Tenant Type Fast Food/QSR
NOI $195,000	R. Term 9.5	Ownership Fee Simple
Rent/SF $78.00	Increases 10.0%/5/yrs	Pop 5Mi 29,792
Lot/AC 0.78	Options 4/5yrs/10%	AHHI 5Mi $73,971

Lease Highlights

Brand-new 2024 construction
Starbucks will be executing a brand-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 at the signalized, hard corner intersection of East Main Street and Interstate Highway 15, with access to a combined daily traffic count of 130,000 vehicles. The property benefits from nearby access to points of ingress/egress to Interstate-15 (80,000 VPD), a major north-south highway. Barstow is one of the top markets in the nation for Quick Service...

...

Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Freeway visibility
Top 100 MSA
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Starbucks Wikipedia Starbucks Wikipedia Barstow, California Zip Code 92311 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,629	27,064	30,311
2023 Total Population :	9,370	26,629	29,792
2023 Employed Civilian Pop :	3,986	10,282	11,702
2023 Total Businesses :	191	737	803
2023 Average Household Income :	$ 75,724	$ 70,864	$ 73,971
2023 Total Consumer Spending :	$ 221 M	$ 571 M	$ 669 M
2023 Median Age :	34	33	34
2023 Total Households :	3,309	9,203	10,337
2023 Pop Age 25+: Bachelor's Degree :	533	1,478	1,665
2023 Average Home Value :	$ 173,494	$ 192,397	$ 193,909

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
CR 66	I- 15	2022	43,000	0.10 mi
15	Roberta St	2018	50,000	0.15 mi
E Main St	Roberta St	2008	7,760	0.18 mi
15	E Main St	2018	50,000	0.21 mi
E Main St	Montara Rd	2007	20	0.25 mi
40	I 40 Fwy E	2018	21,800	0.27 mi
Coolwater Ln	E Main St	2008	290	0.34 mi
E Main St	Coolwater Ln	2008	12,690	0.35 mi
Eastgate Rd	E Main St	2008	1,970	0.35 mi
I 40	I- 15 Bus	2022	21,900	0.43 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
46281 Views
165 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
42177 Views
137 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

...

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT