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Starbucks NEW Store #83384 2201 Fletcher Pkwy 1,411 SF Retail Building El Cajon, CA 92020 $4,950,000 ($3,508.15/SF) 4.85% 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
Brand-New Starbucks | NN+ Investment Opportunity
2201 Fletcher Parkway, El Cajon, CA 92020 | Store #83384
Annual Net Income: $240,000
Offered at: $4,950,000
Landmark New Starbucks Development – Core San Diego County Location
An exceptional opportunity to acquire a brand-new NN+ leased Starbucks, strategically positioned at one of the most trafficked intersections in San Diego County. With over 30,000 vehicles daily and strong surrounding retail synergy, this location offers investors a hands-off, long-term income stream backed by one of the world’s most iconic brands.
Scheduled Completion & Delivery: November 2025
Built to Starbucks’ latest prototype and design standards, this site reflects the company’s newest drive-thru and walk-up window model, engineered for high-volume efficiency and customer convenience.
Investment Highlights
10-Year Corporate Lease with Multiple Renewal Options
5% Rent Increase at Year 5
Annual Net Income: $240,000
Tenant Pays All Taxes, Insurance & Utilities (NN+)
Double Drive-Thru with 14-Car Stack Capacity
10-Year Builder Roof Warranty
New Walk-Up Window Prototype for increased throughput
A+ Credit Tenant | Starbucks Corporation
Why Investors Love This Asset
This is a zero-management, income-producing investment in a premier San Diego trade area—ideal for 1031 exchange buyers or those seeking stable, predictable returns with built-in rent growth. Starbucks’ proven performance, credit strength, and consistent customer demand make this one of the most secure and attractive assets available today.
2201 Fletcher Parkway, El Cajon, CA 92020 | Store #83384
Annual Net Income: $240,000
Offered at: $4,950,000
Landmark New Starbucks Development – Core San Diego County Location
An exceptional opportunity to acquire a brand-new NN+ leased Starbucks, strategically positioned at one of the most trafficked intersections in San Diego County. With over 30,000 vehicles daily and strong surrounding retail synergy, this location offers investors a hands-off, long-term income stream backed by one of the world’s most iconic brands.
Scheduled Completion & Delivery: November 2025
Built to Starbucks’ latest prototype and design standards, this site reflects the company’s newest drive-thru and walk-up window model, engineered for high-volume efficiency and customer convenience.
Investment Highlights
10-Year Corporate Lease with Multiple Renewal Options
5% Rent Increase at Year 5
Annual Net Income: $240,000
Tenant Pays All Taxes, Insurance & Utilities (NN+)
Double Drive-Thru with 14-Car Stack Capacity
10-Year Builder Roof Warranty
New Walk-Up Window Prototype for increased throughput
A+ Credit Tenant | Starbucks Corporation
Why Investors Love This Asset
This is a zero-management, income-producing investment in a premier San Diego trade area—ideal for 1031 exchange buyers or those seeking stable, predictable returns with built-in rent growth. Starbucks’ proven performance, credit strength, and consistent customer demand make this one of the most secure and attractive assets available today.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,411 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$4,950,000
Price Per SF
$3,508.15
Cap Rate
4.85%
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
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
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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