www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31774197
31774196

2201 Fletcher Parkway, El Cajon, CA 92020

CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
RD
CA 02082187
SRS National Net Lease Group
GL
CA 02069301
SRS Real Estate Partners San Diego
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego
$4,700,000
55 days on market
Updated 19 days ago

Starbucks | El Cajon, CA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
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

CK
CA CA License No. 00947314, NV NV License No. S.0174447 (+1)
SRS National Net Lease Group
RD
CA 02082187
SRS National Net Lease Group
GL
CA 02069301
SRS Real Estate Partners San Diego
Listed by SRS National Net Lease Group, SRS Real Estate Partners San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
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

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Chuck Klein
License
CA License No. 00947314
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591