Starbucks | Shandin Hills, CA
New 10-Year Lease | Frontage Along Kendall Drive (23,500 CPD) | 270,000+ People Within 5-Miles
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Starbucks_shandilhills
Investment highlights
New Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru Pad to Stater Bros Market:
New 10-year lease; 10% rental increases every 5 years during the primary term and each of the four 5-year options
1,872 square foot building with double drive-thru
One of the “World’s Most Admired Companies” by Fortune (2009-2024)
Largest coffeehouse chain globally with approximately 40,000+ stores in 84 countries
Outparcel to Stater Bros Market Anchored Shopping Center (1.6 Million Annual Visits to the Shopping Center, Placer.ai): Surrounding tenants include 7-Eleven (top 3% in California, Placer.ai), Chase Bank (top 15% nationwide, Placer.ai), AutoZone, Pizza Hut, UPS, and O’Reilly Auto Parts
Favorable Drive-Thru Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru and average Starbucks store sales are approximately 50% greater in locations that have a drive-thru
Excellent Accessibility and Visibility:
The shopping center is accessible from two signalized intersections along Kendall Drive; there are over 32,500 cars per day at the intersection of Kendall Drive and Shandin Hills Drive (W. 40th Street)
The property benefits from two points of ingress/egress from Kendall Drive and four more points of ingress/egress from Shandin Hills Circle and Shandin Hills Drive
Located Two Miles from California State University, San Bernardino (20,000+ Students, 2,000+ Faculty)
Dense, High-Growth Inland Empire Demographics: More than 270,000 people within a 5-mile radius
San Bernardino is Part of the Inland Empire, One of the Fastest Growing Regions in the Nation: Over the last thirty years, the Inland Empire has grown by 78%, more than twice as fast as the rest of California during that same time period
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