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Starbucks NEW Store #83384 2201 Fletcher Pkwy 1,411 SF Retail Building El Cajon, CA 92020 $4,795,999 ($3,399.01/SF) 5% Cap Rate
Investment Highlights
- Prime Hard-Corner Location – Situated at a high-traffic, signalized intersection with multiple ingress and egress points, ensuring maximum visibility
- High Barrier-to-Entry Market – Limited opportunities for new development in this trade area, this property represents a rare, long-term hold
- Strong Demographics – High-income households and dense population within a 3-mile radius fuel consistent customer base and drive-thru demand.
- Corporate Lease Guarantee – Backed directly by Starbucks Corporation (NASDAQ: SBUX), offering institutional-grade creditworthiness.
- Surrounded by National Retailers – Located in a dense retail corridor with established tenants, driving synergistic foot traffic and long-term demand.
- New Construction – Zero Deferred Maintenance – Delivered brand new in 2025, reducing repair risks and capital expenditure concerns.
Executive Summary
STARBUCKS STORE #83384 | $240,000 NOI | 5% CAP
Brand-new corporate Starbucks Corporation at a high-traffic, signalized intersection with 30,000+ VPD. Secured by a 10-year NN+ lease with options and a 10% rent increase in Year 5, providing stable, passive income from an A+ credit tenant.
Tenant pays taxes, insurance, and utilities. Landlord responsibility limited to roof and structure, both covered by builder warranties, including a 10-year roof warranty. Features include a double drive-thru (14-car stack), walk-up window, and freeway exposure.
Turnkey, institutional-quality investment with built-in rent growth—ideal for long-term holders and 1031 exchange buyers.
Brand-new corporate Starbucks Corporation at a high-traffic, signalized intersection with 30,000+ VPD. Secured by a 10-year NN+ lease with options and a 10% rent increase in Year 5, providing stable, passive income from an A+ credit tenant.
Tenant pays taxes, insurance, and utilities. Landlord responsibility limited to roof and structure, both covered by builder warranties, including a 10-year roof warranty. Features include a double drive-thru (14-car stack), walk-up window, and freeway exposure.
Turnkey, institutional-quality investment with built-in rent growth—ideal for long-term holders and 1031 exchange buyers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,411 SF
Building Class
B
Year Built
2026
Price
$4,795,999
Price Per SF
$3,399.01
Cap Rate
5%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.27 AC
Zoning
C-6 - Commercial
Frontage
101’ on Fletcher Parkway
Amenities
- Corner Lot
- Food Court
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Starbucks
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Starbucks | Retailer | - | - | - |
Nearby Major Retailers
1 of 12
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Starbucks NEW Store #83384 | 2201 Fletcher Pkwy
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