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5.50% CAP Brand New 10-Year Starbucks

2024 Build-to-Suit Construction with Double Lane Drive-Thru

Listing Contacts

Active

Asking Price: $2,818,000
Address 

2740 Jensen Ave, Sanger, CA 93657

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Date Added
Dec 9, 2024
Days on Market
99 days
Time Since Last Update
62 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Lease TypeNNN
Tenant CreditCredit Rated, Corporate Guarantee
Brand/TenantStarbucks
Lease Term10 years
Square Footage2,032
Cap Rate5.50%
Occupancy100%
NOI$155,000
Year Built2024
Lot Size (acres)0.83
Rent Bumps10% Every 5-Years
Broker Co-OpYes

Marketing Description

Commercial Retail Associates, Inc.​ is pleased to have been selected as the exclusive listing agent for the sale of this brand new 2024 build-to-suit constructed ±2,032 square foot free-standing café prototype building with inside seating, patio and double lane drive-thru which is leased to the Starbucks Corporation.​ Located just off the hard corner of Jensen and Bethel Avenues with over 27,000 ADT in Sanger, California (Fresno MSA).​ The subject property is well positioned along Jensen Avenue near a strategic entrance to an established Wal-Mart Supercenter anchored shopping center which caters not only to the nearby residents, business, and schools of Sanger, but also to the surrounding community trade area.​ This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, brand-new constructed commercial property that is leased to an investment grade corporate tenant, with a long-term lease commitment to the subject site.​

Investment Highlights

New 10-Year Corporate Lease | Investment Grade Tenant | S&P BBB+

Brand New 2024 Build-to-Suit Café Prototype with Inside Seating, Patio and Drive-Thru

Part of a New Development with Chipotle (also available for sale) and Oil Changers

Located Across the Street From Top 15% Performing Wal-Mart in the U.S. (placer.ai)

Rare Landlord Friendly “Tenant Self-Maintenance” of the Common Areas Lease Provision

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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