Skip to main content

Restaurant

Starbucks | Brand New Store With Drive Thru in Mendocino County

788 S Main St, Willits, CA 95490

Listing Price: $3,300,000

Cap Rate
5.15%
Tenant Name
Starbucks
Years Remaining On Lease
0.2
Guarantor
Corporate Guarantee
Rentable SF
2,773
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.31

Investment Overview

This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a brand-new Starbucks drive-thru location in Mendocino County, CA, featuring a new 10-year lease with minimal landlord obligations, guaranteed by an investment grade tenant.

STARBUCKS

Starbucks is an American based multinational chain of coffeehouses and roaster reserves. Famously based in Seattle’s Pike Place Market and founded in 1971, the corporate coffee roaster now comprises more than 36,000 retail locations in over 80 global markets. The company was incorporated in 1985 to become the publicly traded Starbucks Corporation. Today, Starbucks is the largest coffeehouse company in the world.

WILLITS, CA - GATEWAY TO THE REDWOODS

Located in Northern California along the vital Highway 101 corridor, Willits is a vibrant small town known as the “Gateway to the Redwoods.” It offers a unique blend of natural beauty and small-town charm. Surrounded by majestic redwood forests, Willits attracts both tourists and residents with its outdoor recreational opportunities, including hiking, camping, and fishing.

Investment Highlights

  • PRIME PASSIVE INVESTMENT OPPORTUNITY: Limited landlord responsibilities, tenant oversees all property management directly
  • BRAND NEW 10 YEAR LEASE: Long term lease featuring regular 10% rent increases every 5 years, with no kick-out clause
  • NEWLY RENOVATED BUILDING: Extensive renovations specifically suited for a Starbucks Drive-Thru, the only one in Willits
  • INVESTMENT GRADE TENANT: Strong corporate guarantee from the largest coffee company in the world
  • HIGHLY VISIBLE CORNER LOCATION: Well-positioned at the busy, signalized intersection of the two most traveled streets in the area
  • DESIRABLE CALIFORNIA REAL ESTATE: Willits is a popular tourist destination and is known as "The Heart of Mendocino County" and "The Gateway to the Redwoods

Exclusively Listed By

Financing By

Restaurant

Starbucks | Brand New Store With Drive Thru in Mendocino County

Listing Price: $3,300,000

Cap Rate
5.15%
Tenant Name
Starbucks
Years Remaining On Lease
0.2
Guarantor
Corporate Guarantee
Rentable SF
2,773
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.31

Investment Highlights

  • PRIME PASSIVE INVESTMENT OPPORTUNITY: Limited landlord responsibilities, tenant oversees all property management directly
  • BRAND NEW 10 YEAR LEASE: Long term lease featuring regular 10% rent increases every 5 years, with no kick-out clause
  • NEWLY RENOVATED BUILDING: Extensive renovations specifically suited for a Starbucks Drive-Thru, the only one in Willits
  • INVESTMENT GRADE TENANT: Strong corporate guarantee from the largest coffee company in the world
  • HIGHLY VISIBLE CORNER LOCATION: Well-positioned at the busy, signalized intersection of the two most traveled streets in the area
  • DESIRABLE CALIFORNIA REAL ESTATE: Willits is a popular tourist destination and is known as "The Heart of Mendocino County" and "The Gateway to the Redwoods

Investment Overview

This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a brand-new Starbucks drive-thru location in Mendocino County, CA, featuring a new 10-year lease with minimal landlord obligations, guaranteed by an investment grade tenant. STARBUCKS Starbucks is an American based multinational chain of coffeehouses and roaster reserves. Famously based in Seattle’s Pike Place Market and founded in 1971, the corporate coffee roaster now comprises more than 36,000 retail locations in over 80 global markets. The company was incorporated in 1985 to become the publicly traded Starbucks Corporation. Today, Starbucks is the largest coffeehouse company in the world. WILLITS, CA - GATEWAY TO THE REDWOODS Located in Northern California along the vital Highway 101 corridor, Willits is a vibrant small town known as the “Gateway to the Redwoods.” It offers a unique blend of natural beauty and small-town charm. Surrounded by majestic redwood forests, Willits attracts both tourists and residents with its outdoor recreational opportunities, including hiking, camping, and fishing.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower