Restaurant

Starbucks

15327 Palmdale Rd, Victorville, CA 92392

Listing Price: $2,178,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
6.90
Guarantor
Corporate Guarantee
Rentable SF
1,920
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.72

Investment Overview

Starbucks is currently operating under a 20-Year Absolute NNN Ground Lease. The asset benefits from its location on Palmdale Road, which sees daily traffic counts exceeding 28,000 vehicles per day and off Interstate 15 which sees an additional 89,000 vehicles per day. The store in currently open for business and is equipped with a drive-thru. Victorville is located at the southwestern edge of the Mojave Desert, 81 miles northeast of Los Angeles, 34 miles south of Barstow, 48 miles east of Palmdale, and 37 miles north of San Bernardino through the Cajon Pass on Interstate 15. Victorville is the home of the Southern California Logistics Airport (SCLA). The SCLA is a 2,500-acre world class aviation and air cargo facility serving international and domestic needs. The airport can accommodate all current flying commercial and military aircraft with a 24-hour per day tower operation and emergency response capabilities comparable to the world's largest airports. The SCLA employs over 2,000 employees.

Investment Highlights

  • Corporate Guarantee
  • Absolute NNN Lease
  • 10% Increases Every 5 Years

Exclusively Listed By

Listing Price: $2,178,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
6.90
Guarantor
Corporate Guarantee
Rentable SF
1,920
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.72

Investment Highlights

  • Corporate Guarantee
  • Absolute NNN Lease
  • 10% Increases Every 5 Years

Investment Overview

Starbucks is currently operating under a 20-Year Absolute NNN Ground Lease. The asset benefits from its location on Palmdale Road, which sees daily traffic counts exceeding 28,000 vehicles per day and off Interstate 15 which sees an additional 89,000 vehicles per day. The store in currently open for business and is equipped with a drive-thru. Victorville is located at the southwestern edge of the Mojave Desert, 81 miles northeast of Los Angeles, 34 miles south of Barstow, 48 miles east of Palmdale, and 37 miles north of San Bernardino through the Cajon Pass on Interstate 15. Victorville is the home of the Southern California Logistics Airport (SCLA). The SCLA is a 2,500-acre world class aviation and air cargo facility serving international and domestic needs. The airport can accommodate all current flying commercial and military aircraft with a 24-hour per day tower operation and emergency response capabilities comparable to the world's largest airports. The SCLA employs over 2,000 employees.

Exclusively Listed By

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