Starbucks
Corporate Guarantee | 18,000+ VPD | Excellent Location
Marketing description
Additional Starbucks available from same owner located at 111 San Felipe Rd, Hollister, CA 95023
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hanford, California, the most populous city in Kings County and a primary commercial hub for the Central Valley region. Originally constructed in 1979 and renovated in 2015, the property consists of a 2,013-square-foot drive-thru facility situated on a ±0.60-acre parcel, offering investors a stable, low-management net-lease asset.
The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with approximately 5.5+ years of remaining primary term, providing reliable near-term cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering durable long-term income growth and built-in protection against inflation.
Strategically positioned near the intersection of W Lacey Boulevard and N 11th Avenue, the site benefits from excellent visibility and strong ingress/egress along major arterial roadways carrying 18,000+ vehicles per day. The property’s drive-thru format further enhances performance, capturing a significant share of quick-service demand and aligning with Starbucks’ highest-performing store model.
Located within a dense and established retail corridor, the property is surrounded by national tenants including CVS, Mister Car Wash, 7-Eleven, Staples, Smart & Final, McDonald’s, and Burger King, generating consistent consumer traffic and reinforcing long-term tenant demand. Supported by Starbucks’ position as the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries, this offering represents a high-quality, low-risk net-lease investment in a proven Central Valley market.
Investment highlights
CORPORATE GUARANTEE – The property is operated by Starbucks corporate and is backed by a full corporate guarantee, providing strong credit tenancy, enhanced financial security, and long-term lease stability.
RENTAL INCREASES – The lease features 10% rental increases at each 5-year option period, providing long-term income growth and a built-in hedge against inflation.
HIGH-TRAFFIC AREA – The subject property benefits from excellent visibility along W Lacey Blvd and N 11th Ave, major arterial roadways that see upwards of 18,000+ VPD.
FAVORABLE DRIVE-THRU FORMAT – Approximately 60%–70% of quick-service restaurant sales are generated through the drive-thru. Additionally, average Starbucks store sales are approximately 50% higher at locations that include a drive-thru component.
MARKET-DOMINANT COFFEE CHAIN – Starbucks is the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries worldwide.
LARGE LOT – Situated on approximately 0.60 acres near the corner of W Lacey Blvd and N 11th Ave, the property offers prominent visibility, strong ingress/egress, and ample site coverage.
EXCELLENT LOCATION – Located in Hanford, the most populous city in Kings County, the property sits within a dense retail corridor anchored by national tenants including CVS, Mister Car Wash, 7-Eleven, Staples, Smart & Final, McDonald’s, and Burger King, driving consistent traffic and consumer demand to the area.
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