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Starbucks 37408 Avenue 12 2,364 SF 4-Star Retail Building Madera, CA 93636 $3,552,000 ($1,502.54/SF) 4.85% Cap Rate
Investment Highlights
- Rare 15-year corporate Starbucks lease with 10% rent increases every five years throughout the base term and three, 5-year options
- Corporate lease backed by investment-grade Starbucks Corporation (S&P: BBB+)
- Starbucks operates nearly 41,000 locations globally and generated $37.2 billion in FY2025 net revenue
- New build-to-suit drive-thru featuring Starbucks’ current prototype
- Adjacent to the new ±11,000 SF Camarena Health center, providing a built-in daily traffic generator
- Located along Avenue 12, the community’s primary commercial corridor with connectivity to Highways 41 and 99
Executive Summary
This newly constructed, drive-thru Starbucks is backed by a 15-year corporate lease featuring 10% rental increases every five years throughout the initial term and each of the three, 5-year options. The property is strategically positioned along Avenue 12, Madera Ranchos’ primary commercial corridor, adjacent to the newly opened 11,000-square-foot Camarena Health center and across from established retail. As the first Starbucks in Madera Ranchos, the location benefits from limited direct coffee competition and a growing concentration of commercial uses serving the surrounding community.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,364 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,552,000
Price Per SF
$1,502.54
Cap Rate
4.85%
NOI
$172,272
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.95 AC
Zoning
CRC - Commercial / retail development site
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 049-591-013 | Improvements Assessment | $20,000 |
| Land Assessment | $16,034 | Total Assessment | $36,034 |
Property Taxes
Parcel Number
049-591-013
Land Assessment
$16,034
Improvements Assessment
$20,000
Total Assessment
$36,034
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