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Restaurant

Starbucks

625 E Redlands Blvd, Redlands, CA 92373

Listing Price: $2,798,000

Cap Rate
3.85%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Gross SF
1,804
Guarantor
Corporate Guarantee
Rentable SF
1,804
Price/Gross SF
$1,551.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.72

Investment Overview

A new construction Starbucks drive-thru ideally located in the affluent San Bernardino County submarket of Redlands, CA. Marcus & Millichap has been selected to exclusively represent for sale 625 East Redlands Boulevard, a 1,804 square foot Starbucks drive thru located on 15,275 square feet of land in the affluent San Bernardino County submarket of Redlands, CA. The subject property is located on the northwest signalized corner of East Redlands Boulevard and East Clark Street and benefits from strong daily traffic counts north of 21,000 vehicles per day. 625 East Redlands Boulevard is home to Starbucks, the world’s largest coffeehouse chain. Founded in 1971, the company has over 31,000 locations throughout more than 70 countries and employs over 346,000 people. The restaurant serves coffee beverages, baked goods, tea, and smoothies. Starbucks has a number of popular subsidiaries, such as Ethos Water, La Boulange Bakery, Seattle’s Best Coffee, and Teavana. Starbucks annual revenue exceeds $26 billion. 2020 net sales were reported at $6.2 billion, with total assets north of $19 billion. Starbucks trades on the NASDAQ under the trading symbol SBUX. Starbucks began operating at this location in 2016 on a fifteen-year corporate guaranteed NN lease that expires on 2/28/2031 with three 5-year options. Starbucks is currently paying $107,735 annually, with a 12% scheduled increase on 3/1/2026 and 12% increases in each option period. The property features a drive through and 15 parking spaces, a parking ratio of 8.31 per 1,000 square feet. The opportunity offers minimal landlord responsibility, with the tenant being responsible for all expenses excluding roof & structure. The property is located amongst a sea of national credit tenants and less than a mile from The University of Redlands. The subject property is located within four miles of two substantial in-progress and newly completed apartment developments, The Crossing at Redlands, and The Summit Apartments.

Investment Highlights

  • Brand new 2016 construction
  • Corporate guaranteed lease
  • Property includes a drive-thru

Exclusively Listed By

Listing Price: $2,798,000

Cap Rate
3.85%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Gross SF
1,804
Guarantor
Corporate Guarantee
Rentable SF
1,804
Price/Gross SF
$1,551.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.72

Investment Highlights

  • Brand new 2016 construction
  • Corporate guaranteed lease
  • Property includes a drive-thru

Investment Overview

A new construction Starbucks drive-thru ideally located in the affluent San Bernardino County submarket of Redlands, CA. Marcus & Millichap has been selected to exclusively represent for sale 625 East Redlands Boulevard, a 1,804 square foot Starbucks drive thru located on 15,275 square feet of land in the affluent San Bernardino County submarket of Redlands, CA. The subject property is located on the northwest signalized corner of East Redlands Boulevard and East Clark Street and benefits from strong daily traffic counts north of 21,000 vehicles per day. 625 East Redlands Boulevard is home to Starbucks, the world’s largest coffeehouse chain. Founded in 1971, the company has over 31,000 locations throughout more than 70 countries and employs over 346,000 people. The restaurant serves coffee beverages, baked goods, tea, and smoothies. Starbucks has a number of popular subsidiaries, such as Ethos Water, La Boulange Bakery, Seattle’s Best Coffee, and Teavana. Starbucks annual revenue exceeds $26 billion. 2020 net sales were reported at $6.2 billion, with total assets north of $19 billion. Starbucks trades on the NASDAQ under the trading symbol SBUX. Starbucks began operating at this location in 2016 on a fifteen-year corporate guaranteed NN lease that expires on 2/28/2031 with three 5-year options. Starbucks is currently paying $107,735 annually, with a 12% scheduled increase on 3/1/2026 and 12% increases in each option period. The property features a drive through and 15 parking spaces, a parking ratio of 8.31 per 1,000 square feet. The opportunity offers minimal landlord responsibility, with the tenant being responsible for all expenses excluding roof & structure. The property is located amongst a sea of national credit tenants and less than a mile from The University of Redlands. The subject property is located within four miles of two substantial in-progress and newly completed apartment developments, The Crossing at Redlands, and The Summit Apartments.

Exclusively Listed By

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