Starbucks
Rare Coastal North San Diego Starbucks | Recently Exercised 5-Year Option | ½ Mile from the Pacific
Marketing description
Property Overview
This Starbucks was constructed in 2016 as a modern drive-thru prototype, featuring outdoor seating and a highly visible corner location.
The property is located at the signalized northeast corner (NEC) of Mission Avenue and Archer Street in Oceanside, California. Mission Avenue is one of the area’s primary east-west corridors, carrying significant daily traffic between inland Oceanside, Interstate 5, and the Pacific coastline. The site is positioned on the westbound “morning commute” side of the street, providing direct access and strong visibility for commuters traveling toward the coast.
Oceanside is a vibrant coastal community in northern San Diego County, approximately ½ mile from the Pacific Ocean. The area benefits from a strong and stable economic base supported by Camp Pendleton Marine Corps Base—one of the largest military installations in the United States—as well as tourism, coastal employment, and a growing residential population.
Investment Summary
This offering represents an opportunity to acquire a high-quality, single-tenant Starbucks investment with a corporate-guaranteed lease in a premier coastal Southern California market. Starbucks has recently exercised its first 5-year option, extending the lease through June 30, 2031, eliminating near-term rollover risk and reaffirming long-term commitment to the location.
The option period commenced in July 2026 with an 11% increase in rent, bringing the current NOI to $133,668, and the offering is priced at a 4.73% cap rate.
The asset offers stable, predictable cash flow with minimal landlord responsibilities and is ideally positioned along a high-traffic commuter corridor with strong long-term fundamentals.
Investment highlights
* Recently Exercised Lease Extension – Starbucks has exercised its first 5-year option, extending the lease through June * 30, 2031 and eliminating near-term rollover risk
* Corporate Starbucks Tenant – Guaranteed by Starbucks Corporation (NASDAQ: SBUX), an investment-grade credit tenant
* Rent Increase Achieved – 11% rental increase effective July 2026, increasing current NOI to $133,668
Attractive 4.73% Cap Rate – Based on new rental income in a high-barrier coastal market
* Minimal Landlord Responsibilities – NN lease structure with limited landlord obligations
* Modern Drive-Thru Prototype – Built in 2016 with Starbucks’ current design and outdoor seating
* Prime Signalized Corner Location – Excellent visibility and access at Mission Avenue & Archer Street
* High-Traffic Corridor Exposure – Located along Mission Avenue, a major commuter route connecting inland neighborhoods to Interstate 5 and the Pacific coast
* Strategic Morning Commute Positioning – Positioned on the westbound side of Mission Avenue capturing peak commuter flow
* High-Barrier Coastal Market – Oceanside is a supply-constrained North San Diego County coastal community
* Strong Economic Drivers – Supported by Camp Pendleton, tourism, and dense surrounding residential population
* Long-Term Upside – Three (3) additional 5-year renewal options remaining
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