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Starbucks | Garden Grove, CA 13172 Garden Grove Blvd 1,500 SF Retail Building Garden Grove, CA 92843 $2,437,000 ($1,624.67/SF) 4% Cap Rate
Investment Highlights
- Proven, Top-Ranked Location: 20-year track record of success at the location, which ranks in the top 4% of Starbucks locations nationally
- Four 5-year options remaining with 10% increases
- Phenomenal Freeway Off-Ramp Location: Signalized Intersection of Garden Grove Boulevard and Fairview Street with 71,500 CPD
- Approximately 1.5 years of lease term remaining; 10% rent increase on 10/1/2027, increasing to a 4.40% cap
- Absolute NNN Lease with no landlord responsibilities
- Located on the “Going to Work” side of Garden Grove Boulevard
Executive Summary
Top 4% Performing Store Nationally for Starbucks | Drive-Thru Freeway Off-Ramp Location | Over 71,000 CPD at the Intersection
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,500 SF
Building Class
B
Year Built
2007
Price
$2,437,000
Price Per SF
$1,624.67
Cap Rate
4%
NOI
$97,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.33 AC
Frontage
119’ on Garden Grove Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 399-011-01 | Improvements Assessment | $346,551 |
| Land Assessment | $1,489,449 | Total Assessment | $1,836,000 |
Property Taxes
Parcel Number
399-011-01
Land Assessment
$1,489,449
Improvements Assessment
$346,551
Total Assessment
$1,836,000
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Starbucks | Garden Grove, CA | 13172 Garden Grove Blvd
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