Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
$4,700,000
Starbucks | El Cajon, CA
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,400
Cap Rate 5.11%
NOI $240,000
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN+
Lease Expiration 06/30/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $3,357
Year Built 2026
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/01/2026
Ground Lease No
Starbucks | San Diego MSA
Investment highlights
New 2026 Construction | 10-Year Lease with Limited LL Responsibilities | Scheduled Rent Increases
- New 2026 high-end construction equipped with a drive-thru
- 10-Year Lease with minimal landlord responsibilities, offering a passive investment property for an out-of-town investor
- 10% rent increases every 5 years throughout the primary term and option periods provide a hedge against inflation
Investment-Grade Tenant (BBB+/Baa1) | World’s Largest Coffee Chain | Top Ranked Company
- The corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 40,200 locations and a BBB+/Baa1 credit rating from S&P and Moody’s
- Starbucks is the world’s largest coffee chain, by both number of locations and revenue
- Ranked #2 out of the top 500 restaurant chains by Restaurant Business Online in 2025
- Starbucks Corp. total revenue for fiscal year 2025 was over $37 Billion
Strategic Location | Robust Traffic | Highly Desirable In-fill San Diego Market
- Strategically located at the signalized intersection of Fletcher Parkway and Westwind Drive, in a densely populated area surrounded by strong national retail tenants with excellent access and visibillty
- A combined 27,000 cars pass by the site at this intersection on average every day
- Situated 1.5 miles north of Interstate 8 (231,000 VPD)
- Rare opportunity to acquire retail property in the San Diego MSA within a dense, infill trade area with significant barriers to entry
Affluent, Direct Consumer Base | Strong Demographics In The Immediate Trade Area
- The 5-mile trade area is supported by more than 154,000 residents and 75,000 employees, providing a direct consumer base from which to draw
- Affluent trade area with an average household income over $143,000 within 1-mile, projected to increase to over $160,000 by 2030
Local Traffic Drivers
- 1.5 miles south of Grossmont College (18,241 students)
- 2 miles north of Grossmont High School (2,079 students)
- 2 miles north of Sharp Grossmont Hospital, the largest hospital in East County with 562 patient beds
- 2.5 miles north of Gillespie Field Airport, the oldest and largest of San Diego County’s seven airports, generating an estimated $403 million in direct economic impact and supporting 3,164 jobs in the city of El Cajon
Listing Contacts
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,000.00
$20,000.00/mo
Valuation Metrics
0
DSCR
5.11%
Cap Rate
5.11%
ROI
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