Starbucks Coffee 1248 E 17th St 2,115 SF Retail Building Santa Ana, CA 92701 $2,650,000 ($1,252.96/SF) 5.18% Cap Rate

The subject property is a single-tenant Starbucks café with drive-thru, located in Santa Ana, California. The building consists of approximately 2,115 square feet situated on a 0.41-acre parcel, offering ample parking and efficient site layout.
This investment is backed by a long-term triple-net (NNN) lease with Starbucks, providing minimal landlord responsibilities and predictable cash flow. The lease includes built-in rent escalations and multiple renewal options, ensuring both income growth and long-term tenancy.
The property benefits from its prime retail positioning at a signalized intersection and freeway-adjacent location, capturing strong commuter and local traffic. Starbucks’ continued commitment to this location—demonstrated by its long operating history and top-tier performance ranking—further reinforces the asset’s stability.
This offering presents an opportunity to acquire a high-quality, passive investment with a nationally recognized tenant, stable income, and long-term upside in a strong Southern California retail market.
• Top-Performing Starbucks Location
This property features a long-established Starbucks with over 20 years of successful operation, ranking in the top 4% of Starbucks locations nationwide (per Place.ai), demonstrating strong and consistent sales performance.
• Stable NNN Lease with Corporate Tenant
Secured by Starbucks, one of the most recognized and financially strong global brands, the property offers a passive investment with a triple-net (NNN) lease structure.
• Attractive Income with Upside Potential
Current cap rate of approximately 5.18%, with a scheduled 10% rent increase in March 2030, bringing the projected cap rate to approximately 5.70%.
• Long-Term Lease Security
Approximately 3.5 years of remaining lease term, plus four (3) additional 5-year renewal options, each featuring 10% rental increases, providing long-term income stability and growth.
• High-Visibility, High-Traffic Location
Strategically located at a signalized intersection near a freeway off-ramp in Santa Ana, offering excellent accessibility, strong traffic counts, and consistent customer flow.
• Drive-Thru Retail Asset
Includes a drive-thru component, which is a highly desirable feature that enhances revenue performance and tenant demand.