Starbucks - Temecula, CA

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, newly built, NN leased, Starbucks investment property located in Temecula, California.​ The tenant, Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+), Inc recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site.​ The lease features 10% rental increases every 5 years throughout the initial term and option periods, thereby growing NOI and hedging against inflation.​ Minimal landlord responsibilities making it an ideal investment opportunity for a passive investor (see page 18 for more details).​

Starbucks is strategically positioned as an outparcel at a signalized entry to a grocery-anchored shopping center.​ The asset is situated along Ynez Rd.​, a major retail and commuter thoroughfare, with an average of 35,300 vehicles passing by daily.​ The property benefits from its proximity to the on/off ramps to Interstate 15 (174,000 VPD).​ The recently built building features a drive-thru, and, on average, stores with drive-thrus experience higher sales than those without.​ The asset is directly across from Temecula Town Center, a popular shopping destination serving 3.7 million visitors annually (per Placer.​ai).​ The center’s tenants include Target, Vons, CVS, HomeGoods, and more.​ Starbucks, located within a dense retail corridor, is in close proximity to various national/credit tenants, including Costco, Albertsons, Lowe’s, Macy’s, Dick’s Sporting Goods, and Big Lots.​ Strong tenant synergy enhances consumer draw to the immediate trade area and promotes crossover store exposure for the site.​ The 5-mile trade area is supported by over 166,000 residents and 78,000 employees, providing a direct consumer base from which to draw.​ Residents within 5 miles of the property boast an affluent average household income of $142,866.​

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  New 10-Year Lease | Scheduled Rental Increases | Corporate Signature | Investment Grade (S&P: BBB+)

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  Fee Simple Ownership | Limited Landlord Responsibilities

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  Pad to Grocery Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence

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  Six-Figure Incomes | Strong Demographics in 5-Mile Trade Area