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1993 W. Olive
Merced, CA 95348
Starbucks Drive-Thru · Retail Property For Sale
Investment Highlights
- Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru: New 10-year Lease; 10% increases every 5 years, including the option periods
- Favorable Café with Drive-Thru Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru
- Close Proximity to University of California, Merced (8,544 Students, 1,537 Employees) and recently completed a massive $1.3 billion expansion iniative
- Brand new 2023 construction; store is open and paying rent
- High-Traffic, Signalized Intersection Location: Ideally situated at the signalized intersection of California Highway 59 and Olive Avenue (38,000+ C
- High Growth Trade Area: Merced’s population has grown faster than the state average since 1980 and has experienced a 44% increase since 2000
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,000 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.83 AC
Property Taxes
| Parcel Number | 058-030-042 | Improvements Assessment | $2,060,400 |
| Land Assessment | $897,600 | Total Assessment | $2,958,000 |
Property Taxes
Parcel Number
058-030-042
Land Assessment
$897,600
Improvements Assessment
$2,060,400
Total Assessment
$2,958,000
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