Listed by Hanley Investment Group
$2,340,000
Starbucks Anchored Pad to Save Mart & CVS Pharmacy
Details
APN 39422018
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,230
Net Rentable (SqFt) 3,230
Cap Rate 5.65%
NOI $132,136
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks
Lease Type NNN
Price per SqFt $724
Broker Co-Op Yes
Year Built 2003
Buildings 1
Stories 1
Acreage 0.690
Top-Performing Starbucks Multi-Tenant Pad with Drive-Thru
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/StarbucksPad_Kingsburg
Investment highlights
- 100% Occupied Starbucks with Drive-Thru End Cap, Multi-Tenant Pad to Save Mart (Top 10% Nationwide) & CVS Pharmacy-Anchored Center
- Internet-resistant tenant mix – Starbucks, Yum Yum Yogurt, and Nice Nails & Spa
- Starbucks – The world’s largest coffee company with over 40,000 locations across 84 countries and $36.2 billion in net revenue (2024)
- Tenant at the subject property since 2003 (23 years)
- Top 26% location in California (Placer.ai)
- Rare 15% increases in each of the option periods
- Below-Market Rents with Annual Rent Increases: The average shop rent is $2.14 PSF; Anytime Fitness signed a new lease in 2022 for 3,600 square feet at $2.32 PSF
- Outstanding Co-Tenant Lineup in High-Performing Grocery and Drug-Anchored Center: National tenants in the shopping center include Save Mart (top 10% nationwide per Placer.ai), CVS Pharmacy, AutoZone, Starbucks, and Carl’s Jr.
- Excellent Visibility Along Primary Retail Corridor: Located at the signalized intersection of Sierra Street and 10th Avenue (26,000 CPD)
- Affluent and Growing Demographics: Average household income of over $108,000 in a 3-mile radius. The number of households has increased by over 9.38% in a 1-mile radius over the past 10 years
- Located in One of California’s Strongest Agricultural Economies: Kingsburg is ranked #2 “Best Places to Live in the Fresno Area” – Niche (2025)
- Central Valley Location: California’s Central Valley has one of the world’s largest economies and is located within four hours of 90% of the state’s population
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$132,136.00
$11,011.33/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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