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Starbucks | Garden Grove, CA 13172 Garden Grove Blvd 1,450 SF Retail Building Garden Grove, CA 92843 $2,437,000 ($1,680.69/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
1,450 SF
Building Class
B
Year Built
2007
Price
$2,437,000
Price Per SF
$1,680.69
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 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| 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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