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28358369
28358370

1813 Bellevue Rd, Atwater, CA 95301

KF
CA 01321833
Hanley Investment Group
Listed by Hanley Investment Group
$2,510,000
203 days on market
Updated 31 days ago
Opportunity zone

Starbucks | Atwater, CA

Details
APN 150160024
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,082
Net Rentable (SqFt) 2,082
Cap Rate 5.5%
NOI $138,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Lease Term 10.2
Lease Expiration 06/30/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options Four 5-Year @ 10% Each Option
Price per SqFt $1,206
Broker Co-Op Yes
Year Built 2023
Buildings 1
Stories 1
Acreage 1.920
Lease Commencement 04/10/2023

8 Years Remaining | Pad to Save Mart and CVS | $90,000 AHHI

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/starbucks_atwater

Investment highlights

  • Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Café and Drive-Thru

    • Largest coffeehouse chain globally with approximately 40,000 stores in 84 countries

    • 8 years remaining on initial 10-year term

    • 10% increases every 5 years; next increase is July 2028

    • 2,082 SF including a café and drive-thru

    • One of the “World’s Most Admired Companies” ‒ Fortune (2009-2024)

    • “#1 Sector Leaders: Restaurants” – Fortune (2025)

  • Pad to a Save Mart and CVS-Anchored Center: Other national tenants within the center include Ace Cash Checking, Baskin Robbins, Chase, Freeway Insurance, GameStop, Great Clips, Merchants Bank, Remax, Round Table and Sonic

  • 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

  • 2023 Construction

  • Located in an Opportunity Zone

  • Close Proximity to Highway 99, One of California’s Primary North/South Highways

  • Affluent Demos; $90,000 AHHI within a 5-Mile Radius

  • Access to Central California’s coast, Sierra Nevada Mountains, National Parks, and Major Cities: Atwater is within a 2-hour drive of San Francisco, Monterey, Napa Valley, and Yosemite National Park

Listing Contacts

KF
CA 01321833
Hanley Investment Group
Listed by Hanley Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$138,000.00
$11,500.00/mo

Valuation Metrics

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DSCR
5.5%
Cap Rate
5.5%
ROI

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