1702 Mission Ave 850 SF Retail Building Oceanside, CA 92058 $2,825,000 ($3,323.53/SF) 4.26% Cap Rate

The Starbucks constructed in 2016 and the site of a former Jack in the Box. The Jack in the Box building was scraped and replaced with Starbucks most modern stereotype drive-thru building with outdoor seating. The location is at the signalized NEC corner of Mission Avenue and Archer Street in Oceanside, CA,. The location represents the best case scenario for Starbucks as it sits at the westbound, "Morning Commute" side of Mission Avenue through this bedroom community leading to the Interstate 5 freeway or the Pacific Ocean.
This location provides immediate and direct access to San Diego County to the south and Orange and Los Angeles County to the north. Oceanside is a seaside community of Northern San Diego County as well as a enormous contributor to the military who are working and housed at Camp Pendleton Marine Base a (one of the largest Marine bases in the U.S.) and the US Navy.
Starbucks, Inc. is the lease guarantor and holds an investment grade credit rating, “A-” by S & P and A3 by Moody’s. There is no early termination in the lease as you might find in other Starbucks leases.
Starbucks, Inc. signed an original 10-year NN lease with four 5 year options to renew in 2014 with lease commenced in June 2016. The primary term of the lease expires June 23, 2026. The investment property provides a conservative investor long term, secure income. Due to the NN lease structure, this opportunity provides investors minimal landlord responsibility.