Restaurant

Starbucks

28060 Clinton Keith Road, Murrieta, CA 92562

Listing Price: $3,575,000

Cap Rate
4.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,625.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.09

Investment Overview

The subject property is a brand-new construction ±2,200 square foot Starbucks drive-thru located in Murrieta (Riverside County), California. The building was constructed on a build-to-suit basis and is outparcel to a brand-new construction Costco Wholesale which is scheduled for a September 2021 delivery. Starbucks signed a ten-year triple net lease with ten percent (10%) rental increases every five years, and in each of the four, five-year option periods. Starbucks (NYSE: SBUX), a publicly traded company with an investment grade credit rating of “BBB+” by Standard & Poor’s, has a market cap of $119 billion and annual revenue of $26.5 billion (2019).

Investment Highlights

  • Brand New 2021 Construction with Drive Thru - 10 Year Fee Simple NNN Lease in Southwestern Riverside County Featuring 10% Rental Increases Every Five Years
  • Neighboring Outparcel Tenants include Quick Quack Car Wash, Farmer Boys, Accelerated Urgent Care, AT&T, Jamba Juice, Mountain Mike's, and more on the way
  • Direct Access to I-215 (105,000 VPD) and Directly Across the Street from Vista Murrieta High School (Over 3,500 Students)

Exclusively Listed By

Listing Price: $3,575,000

Cap Rate
4.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,625.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.09

Investment Highlights

  • Brand New 2021 Construction with Drive Thru - 10 Year Fee Simple NNN Lease in Southwestern Riverside County Featuring 10% Rental Increases Every Five Years
  • Neighboring Outparcel Tenants include Quick Quack Car Wash, Farmer Boys, Accelerated Urgent Care, AT&T, Jamba Juice, Mountain Mike's, and more on the way
  • Direct Access to I-215 (105,000 VPD) and Directly Across the Street from Vista Murrieta High School (Over 3,500 Students)

Investment Overview

The subject property is a brand-new construction ±2,200 square foot Starbucks drive-thru located in Murrieta (Riverside County), California. The building was constructed on a build-to-suit basis and is outparcel to a brand-new construction Costco Wholesale which is scheduled for a September 2021 delivery. Starbucks signed a ten-year triple net lease with ten percent (10%) rental increases every five years, and in each of the four, five-year option periods. Starbucks (NYSE: SBUX), a publicly traded company with an investment grade credit rating of “BBB+” by Standard & Poor’s, has a market cap of $119 billion and annual revenue of $26.5 billion (2019).

Exclusively Listed By

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