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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
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- Accommodation and Food Services
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Starbucks began in 1971 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.
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Founded in 1994, Wingstop began as a Texas chicken-wing concept and later expanded through franchising. The company operates and franchises restaurants centered on cooked-to-order, hand-sauced and tossed chicken, with a menu built around classic and boneless wings, tenders, chicken sandwiches, seasoned fries, and housemade ranch and bleu cheese dips. Wingstop now serves a global network of restaurants, and most locations are run by brand partners, giving the business a franchise-driven presence across the restaurant industry.
| 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
