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Top 94% Store Nationwide | Corp Guarantee 111 San Felipe Rd 2,192 SF Retail Building Hollister, CA 95023 $3,480,000 ($1,587.59/SF) 5% Cap Rate
Investment Highlights
- CORPORATE GUARANTEE – The property is operated by Starbucks corporate and is backed by a full corporate guarantee, providing strong credit tenancy.
- STRONG RENT GROWTH – The lease includes a 10% rent increase effective March 2027, immediately boosting cash flow.
- MARKET-DOMINANT COFFEE CHAIN – Starbucks is the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries.
- OUTPERFORMING RETAIL LOCATION – Ranked in the top 94th percentile nationwide, top 89th percentile statewide, and top store within 15-mile radius.
- FAVORABLE DRIVE-THRU FORMAT – Average Starbucks store sales are approximately 50% higher at locations that include a drive-thru component.
- HIGH-TRAFFIC AREA – The subject property benefits from excellent visibility along San Felipe Rd, a major arterial roadway with 18,000+ VPD.
Executive Summary
*Additional Starbucks available from same owner located at 550 W Lacey Blvd, Hanford, CA 93230*
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hollister, California, one of the most dynamic and growing markets in the Monterey Bay region. Constructed in 2021, the property features a 2,192-square-foot, modern drive-thru facility situated on a ±0.74-acre parcel, offering investors a high-quality asset with minimal management requirements.
The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with over six years of remaining primary term, providing durable cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering strong long-term income growth and built-in inflation protection. An additional 10% rent increase effective March 2027 further enhances near-term cash flow.
Strategically positioned along San Felipe Road, a major arterial with 18,000+ vehicles per day, the site benefits from excellent visibility, strong ingress/egress, and consistent daily traffic. The location is further strengthened by Starbucks’ market-dominant drive-thru format, which captures a significant portion of quick-service demand and supports above-average unit performance.
This Starbucks is an outperforming retail location, ranking in the top 94th percentile nationwide and top 89th percentile statewide, and stands as the highest-performing store within a 15-mile radius—underscoring exceptional traffic generation and sustained revenue strength.
Situated within a dense and established retail corridor, the property is surrounded by national tenants including McDonald’s, Taco Bell, KFC, Jack in the Box, AutoZone, UPS, Quik Stop, and others, driving consistent consumer draw to the area. Combined with Starbucks’ global brand strength—operating approximately 40,000 locations across 84 countries—this offering represents a stable, low-risk, long-term net lease investment in a growing California market.
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hollister, California, one of the most dynamic and growing markets in the Monterey Bay region. Constructed in 2021, the property features a 2,192-square-foot, modern drive-thru facility situated on a ±0.74-acre parcel, offering investors a high-quality asset with minimal management requirements.
The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with over six years of remaining primary term, providing durable cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering strong long-term income growth and built-in inflation protection. An additional 10% rent increase effective March 2027 further enhances near-term cash flow.
Strategically positioned along San Felipe Road, a major arterial with 18,000+ vehicles per day, the site benefits from excellent visibility, strong ingress/egress, and consistent daily traffic. The location is further strengthened by Starbucks’ market-dominant drive-thru format, which captures a significant portion of quick-service demand and supports above-average unit performance.
This Starbucks is an outperforming retail location, ranking in the top 94th percentile nationwide and top 89th percentile statewide, and stands as the highest-performing store within a 15-mile radius—underscoring exceptional traffic generation and sustained revenue strength.
Situated within a dense and established retail corridor, the property is surrounded by national tenants including McDonald’s, Taco Bell, KFC, Jack in the Box, AutoZone, UPS, Quik Stop, and others, driving consistent consumer draw to the area. Combined with Starbucks’ global brand strength—operating approximately 40,000 locations across 84 countries—this offering represents a stable, low-risk, long-term net lease investment in a growing California market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,192 SF
Building Class
C
Year Built
1977
Price
$3,480,000
Price Per SF
$1,587.59
Cap Rate
5%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.74 AC
Zoning
AP
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,192 SF
- $79.09
- Modified Gross
- Feb 2032
Starbucks Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,192 SF | $79.09 | Modified Gross | Feb 2032 |
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 051-020-021-000 | Improvements Assessment | $2,493,838 |
| Land Assessment | $1,910,174 | Total Assessment | $4,404,012 |
Property Taxes
Parcel Number
051-020-021-000
Land Assessment
$1,910,174
Improvements Assessment
$2,493,838
Total Assessment
$4,404,012
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Top 94% Store Nationwide | Corp Guarantee | 111 San Felipe Rd
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