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- LoopNet Team
1427 Herndon Rd
Modesto, CA 95351
Starbucks | New 10-Year Extension | 103K ADT · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 1427 HERNDON RD , MODESTO, CA 95351
Starbucks Corporate Net Leased Investment Property. Signalized Hard Corner with 46K ADT at the intersection and 103K ADT at HWY 99. Starbucks has long term occupancy at this site (over 14 years) and recently extended their lease by ten (10) more years without any concessions from the Landlord (a good indicator that this is a key site for the Tenant). ** Please see the attached offering memorandum for more details ** STARBUCKS CORPORATION (NASDAQ: SBUX) is the largest coffeehouse company in the world, with 27,339 stores in 75 countries. Standard & Poor’s rates the company “A-” investment grade. For the fiscal year ended October 1, 2017, SBUX reported total net revenues of $22.39 billion, net income of $2.88 billion and stockholder’s equity of $5.45 billion. For fiscal year 2017, the company’s reported total net revenues of $22.39 billion was a 5% increase over the prior year and net income of $2.88 billion was a 2% increase over the prior year.
PROPERTY TAXES
| Parcel Number | 039-32-21 | Improvements Assessment | $2,497,533 |
| Land Assessment | $256,009 | Total Assessment | $2,753,542 |
PROPERTY TAXES
