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Starbucks & Wingstop 2411 Broadway 3,160 SF 100% Leased 4-Star Retail Building Eureka, CA 95501 $4,381,000 ($1,386.39/SF) 5.25% Cap Rate
Investment Highlights
- 100% Leased to Starbucks & Wingstop on Long-Term Leases with Scheduled Rent Increases
- Prominent, Convenient Location along US-101, Eureka's Primary Thoroughfare (40,400 ADT)
- 1.5 Miles from Eureka High School (1,226 Students) & 5 Miles from Cal Poly Humboldt (6,000+ Students)
- New 2024 Construction Featuring a Drive-Thru Component for Starbucks
- Active Retail Corridor Across from Brand New In-N-Out, Chipotle & MOD Pizza and Half a Mile from Bayshore Mall (4M+ Annual Visits, per Placer.ai)
- Strong Local Demographics with Broad Consumer Base in Tourism & Cultural Hub with Significant Year-Round Tourism Draw
Executive Summary
The property benefits from strong local demographics and a broad consumer base, supported by its central location in a tourism-driven market and more than 47,000 residents within a five-mile radius, with an average household income exceeding $96,000. The site is also located near multiple elementary and middle schools, 1.5 miles from Eureka High School (1,226 students), and five miles from Cal Poly Humboldt, which enrolls more than 6,000 students.
Property Facts
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
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- Lease End
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- Accommodation and Food Services
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Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
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- Accommodation and Food Services
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Wingstop began in 1994 as a small buffalo-style chicken wing restaurant in Garland, Texas, and started franchising in 1997. The company operates as a franchisor and restaurant operator centered on cooked-to-order, hand-sauced chicken wings, boneless wings, tenders, chicken sandwiches, fries, and housemade dips. Wingstop has expanded into a significant global restaurant network and continues to focus on flavor-driven menu offerings across its system.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 | |
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Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 008-021-004-000 | Improvements Assessment | $2,039,768 |
| Land Assessment | $1,004,605 | Total Assessment | $3,044,373 |
Property Taxes
