Skip to main content

Restaurant

15 Year Starbucks w/ Dr-Thru | Southern California | Directly Off Freeway w/ 247k+ Vehicles Per Day

5102 Sycamore Canyon Blvd, Riverside (SoCal), CA 92507

Listing Price: $4,736,842

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
14.9
Gross SF
2,000
Guarantor
Corporate Guarantee
Rentable SF
2,000
Price/Gross SF
$2,368.42
Lease Type
Double Net
Rent Per Square Feet
$112.50

Investment Overview

Riverside, CA, is a vibrant city with a unique blend of history, education, and industry, situated about 55 miles east of Los Angeles. Established as a hub of California’s citrus industry in the late 19th century, Riverside maintains its historic roots, most notably with the Mission Inn Hotel & Spa, a renowned architectural landmark and cultural hotspot. This historic charm is complemented by modern infrastructure and amenities that make Riverside an attractive place to live, work, and visit.

The area near Sycamore Canyon Boulevard offers a blend of business and recreational opportunities. The nearby Sycamore Canyon Business Park is a prominent employment center, home to a variety of companies and industries, which makes this part of Riverside an economic engine for the city.

Riverside’s reputation as an educational hub is anchored by the University of California, Riverside (UCR). This large research university attracts a diverse student body, faculty, and staff, which enriches the city’s cultural landscape. The youthful energy from UCR brings innovation and a strong demand for diverse dining, shopping, and entertainment options throughout Riverside.

Riverside also hosts several popular cultural events and festivals. One of the most notable is the annual Festival of Lights, held each winter at the Mission Inn, which draws large crowds from around the region to enjoy dazzling holiday displays. Other attractions include the Riverside Art Museum, which showcases local and international art, and the Fox Performing Arts Center, a restored historic theater that hosts live performances year-round.

As a city with a robust population and steady growth, Riverside combines a small-town feel with big-city amenities. Its warm climate, extensive recreational options, and growing economy make it an appealing destination for residents and visitors alike.

Investment Highlights

  • 15 Year Starbucks Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Features Easy Access and Freeway Visibility - Located at a Signalized Intersection with Daily Combined Traffic Counts Exceeding 18k Vehicles. Immediate Access to/from I-215 and CA-60 (247k+ VPD).
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $108k within a 1-Mile Radius and over 241k People Residing within a 5-Mile Radius.
  • Near University of California Riverside - a Public Research University known for its Diverse Programs and Inclusive Community. Enrolls around 26k Students, offering Strong Programs in Sciences, Engineering, Business, and Humanities.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Tremendous Growth among the last 15 Years within the Industrial Base along CA-60 and Interstate-215 (5.76% Annual Growth Rate).
  • Minutes from Moreno Valley Mall - a Popular Shopping Center featuring Major Retailers, Dining Options, and Entertainment Venues. It Serves as a Community Hub with Stores, a Food Court, and a Theater, Attracting Visitors of all Ages.
  • Located w/in a Thriving Daytime Population, Fueled by Nearby Corporate Expansions and UC Riverside's Dynamic Campus. This Area Provides Access to a Skilled Workforce of 1M+ People w/in 20 Miles, driving Sustained Economic Vitality. In Close Proximity to the Sycamore Canyon Business Park, home to Numerous Offices and Industries, which brings in a Steady Flow of Professionals Throughout the Week.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    First Vice President Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Financing By

Restaurant

15 Year Starbucks w/ Dr-Thru | Southern California | Directly Off Freeway w/ 247k+ Vehicles Per Day

Listing Price: $4,736,842

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
14.9
Gross SF
2,000
Guarantor
Corporate Guarantee
Rentable SF
2,000
Price/Gross SF
$2,368.42
Lease Type
Double Net
Rent Per Square Feet
$112.50

Investment Highlights

  • 15 Year Starbucks Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Features Easy Access and Freeway Visibility - Located at a Signalized Intersection with Daily Combined Traffic Counts Exceeding 18k Vehicles. Immediate Access to/from I-215 and CA-60 (247k+ VPD).
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $108k within a 1-Mile Radius and over 241k People Residing within a 5-Mile Radius.
  • Near University of California Riverside - a Public Research University known for its Diverse Programs and Inclusive Community. Enrolls around 26k Students, offering Strong Programs in Sciences, Engineering, Business, and Humanities.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Tremendous Growth among the last 15 Years within the Industrial Base along CA-60 and Interstate-215 (5.76% Annual Growth Rate).
  • Minutes from Moreno Valley Mall - a Popular Shopping Center featuring Major Retailers, Dining Options, and Entertainment Venues. It Serves as a Community Hub with Stores, a Food Court, and a Theater, Attracting Visitors of all Ages.
  • Located w/in a Thriving Daytime Population, Fueled by Nearby Corporate Expansions and UC Riverside's Dynamic Campus. This Area Provides Access to a Skilled Workforce of 1M+ People w/in 20 Miles, driving Sustained Economic Vitality. In Close Proximity to the Sycamore Canyon Business Park, home to Numerous Offices and Industries, which brings in a Steady Flow of Professionals Throughout the Week.

Investment Overview

Riverside, CA, is a vibrant city with a unique blend of history, education, and industry, situated about 55 miles east of Los Angeles. Established as a hub of California’s citrus industry in the late 19th century, Riverside maintains its historic roots, most notably with the Mission Inn Hotel & Spa, a renowned architectural landmark and cultural hotspot. This historic charm is complemented by modern infrastructure and amenities that make Riverside an attractive place to live, work, and visit. The area near Sycamore Canyon Boulevard offers a blend of business and recreational opportunities. The nearby Sycamore Canyon Business Park is a prominent employment center, home to a variety of companies and industries, which makes this part of Riverside an economic engine for the city. Riverside’s reputation as an educational hub is anchored by the University of California, Riverside (UCR). This large research university attracts a diverse student body, faculty, and staff, which enriches the city’s cultural landscape. The youthful energy from UCR brings innovation and a strong demand for diverse dining, shopping, and entertainment options throughout Riverside. Riverside also hosts several popular cultural events and festivals. One of the most notable is the annual Festival of Lights, held each winter at the Mission Inn, which draws large crowds from around the region to enjoy dazzling holiday displays. Other attractions include the Riverside Art Museum, which showcases local and international art, and the Fox Performing Arts Center, a restored historic theater that hosts live performances year-round. As a city with a robust population and steady growth, Riverside combines a small-town feel with big-city amenities. Its warm climate, extensive recreational options, and growing economy make it an appealing destination for residents and visitors alike.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • David Kern

    First Vice President Investments

    (858) 373-3185

    Email David

    License(s): CA: 01878012

    San Diego Downtown

Financing By

MM Texture Background
MM Textured Background Lower