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Starbucks 215 W Pacific Coast Hwy 1,112 SF Retail Building Wilmington, CA 90744 $5,228,000 ($4,701.44/SF)
Investment Highlights
- Brand-New Construction with Rare Drive-Thru on PCH: Newly built in 2026, this freestanding Starbucks features a coveted drive-thru on PCH.
- Strength of Entitlements: The subject property took multiple years to entitle which now grand father the drive-thru use.
- Investment-Grade Tenant: Starbucks (NASDAQ: SBUX | S&P: BBB+) operates over 41,000 stores globally.
- Strong Intrinsic Value: The state-of-the-art ground up development would be extremely costly to replicate in today’s market.
- Ten (10)-Year Corporate Lease: Starbucks recently signed an initial lease term of ten (10)-years with five (5), five (5)-year options to extend.
- High Traffic Location: The subject property is situated at the signalized intersection of PCH and Fries Avenue, with exposure to over 44,000 CPD.
Executive Summary
NOW OPEN! Brand-New Construction Dual Drive-Thru | Corporate Guaranteed Lease
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,112 SF
Building Class
B
Year Built
2025
Price
$5,228,000
Price Per SF
$4,701.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.36 AC
Zoning
LAR1 - Residential
Parking
10 Spaces (8.99 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,304 | |
| Land Assessment | $1,851,807 | Total Assessment | $1,857,111 |
Property Taxes
Parcel Numbers
Land Assessment
$1,851,807
Improvements Assessment
$5,304
Total Assessment
$1,857,111
Contacts
-
Patrick Wade -
Matthew Greenberg -
Alex Kozakov -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
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Videos
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Photos
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Street
Map
Presented by
Starbucks | 215 W Pacific Coast Hwy
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