402 N Milpas St | Santa Barbara, CA 93103
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- LoopNet Team
402 N Milpas St
Santa Barbara, CA 93103
Starbucks | Santa Barbara, CA · Retail Property For Sale
Investment Highlights
- New Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Café
- Strategically-Located, Café-Only Location that Aligns with the Company’s Mission to Restore the Café Culture and Revive the Guest Experience
- High-Barriers-to-Entry Coastal Location: Rare Santa Barbara real estate with long-term appreciation value
- New 10-Year Lease
- To Reinvigorate the Experience, Starbucks is Testing a New Store Model That Considers Expanded Seating Options Catering to Work and Socialization
- High-Traffic Location and Phenomenal Walk Score: 36,000 cars per day at N Milpas Street and E Gutierrez Street and walk score of 94 out of 100
Property Facts
Property Type
Retail
Building Size
2,149 SF
Building Class
B
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.26 AC
Zoning
C2 - Commercial
Parking
15 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 031-311-027 | Improvements Assessment | $882,300 |
| Land Assessment | $1,530,000 | Total Assessment | $2,412,300 |
Property Taxes
Parcel Number
031-311-027
Land Assessment
$1,530,000
Improvements Assessment
$882,300
Total Assessment
$2,412,300
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