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Starbucks NEW Store #83384 2201 Fletcher Pkwy 1,411 SF Retail Building El Cajon, CA 92020 $4,799,995 ($3,401.84/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 | Ground Lease NN+ Investment
Starbucks Store #83384 – 2201 Fletcher Parkway, El Cajon, CA 92020
Annual Net Income: $240,000 | 5% Cap | 10% increase Yr 5
Brand-new, corporate Starbucks located along one of San Diego County’s most heavily traveled retail corridors, 30,000+ vehicles per day at a major signalized intersection. Built to Starbucks Corporation’ newest prototype standards, this flagship location delivers maximum visibility, exceptional access, and long-term income security from one of the strongest credit tenants in the world.
Secured by a 10-year NN+ lease with multiple renewal options, offering stable, predictable cash flow and a 10% rent increase after Year 5. Starbucks is responsible for taxes, insurance, and utilities, creating a hands-off, truly passive investment ideal for long-term holders and 1031 exchange buyers.
Designed for future performance and operational efficiency, the site features a double drive-thru with a 14-car stack, a walk-up window prototype, and freeway-front visibility, one of the most advanced and high-volume designs Starbucks currently offers. The building also includes a 10-year builder roof warranty, adding another layer of investor confidence.
This is a fully turnkey, institutional-quality asset with strong income, built-in rent growth, and an A+ credit tenant, positioned for long-term appreciation and durability through all market cycles. Secure. Passive. Recession-resistant. Ideal for 1031 buyers seeking safety, growth.
Starbucks Store #83384 – 2201 Fletcher Parkway, El Cajon, CA 92020
Annual Net Income: $240,000 | 5% Cap | 10% increase Yr 5
Brand-new, corporate Starbucks located along one of San Diego County’s most heavily traveled retail corridors, 30,000+ vehicles per day at a major signalized intersection. Built to Starbucks Corporation’ newest prototype standards, this flagship location delivers maximum visibility, exceptional access, and long-term income security from one of the strongest credit tenants in the world.
Secured by a 10-year NN+ lease with multiple renewal options, offering stable, predictable cash flow and a 10% rent increase after Year 5. Starbucks is responsible for taxes, insurance, and utilities, creating a hands-off, truly passive investment ideal for long-term holders and 1031 exchange buyers.
Designed for future performance and operational efficiency, the site features a double drive-thru with a 14-car stack, a walk-up window prototype, and freeway-front visibility, one of the most advanced and high-volume designs Starbucks currently offers. The building also includes a 10-year builder roof warranty, adding another layer of investor confidence.
This is a fully turnkey, institutional-quality asset with strong income, built-in rent growth, and an A+ credit tenant, positioned for long-term appreciation and durability through all market cycles. Secure. Passive. Recession-resistant. Ideal for 1031 buyers seeking safety, growth.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,411 SF
Building Class
B
Year Built
2026
Price
$4,799,995
Price Per SF
$3,401.84
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
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Starbucks NEW Store #83384 | 2201 Fletcher Pkwy
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