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Starbucks 42290 Jefferson St 2,100 SF Retail Building Indio, CA 92201 $2,705,000 ($1,288.10/SF) 5.25% Cap Rate
Investment Highlights
- +6 Years Remaining | Below Market Low Rent | Corporate Guaranty |Investment Grade Tenant S&P: BBB+ | NASDAQ: SBUX
- Affluent and Dense Demographics | Coachella Valley
- Northgate Crossing: 90-Acre Mixed Use Development
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized Intersection (52,000 VPD) off I-10 Off Ramp (94,000 VPD)
Executive Summary
• Below Market Low Rent Starbucks compared to any new construction Starbucks or other QSR in SoCal. This low basis provides long term security for investors
• +6 years remaining with 10% increases every 5 years
• Corporate Guaranty Starbucks Corp., an Investment Grade Tenant (NASDAQ: SBUX | S&P: BBB+)
• Top 6% Starbucks throughout entire chain Nationwide (Placer.ai)
• +6 years remaining with 10% increases every 5 years
• Corporate Guaranty Starbucks Corp., an Investment Grade Tenant (NASDAQ: SBUX | S&P: BBB+)
• Top 6% Starbucks throughout entire chain Nationwide (Placer.ai)
Property Facts
Sale Type
Investment
Property Type
Building Size
2,100 SF
Year Built
2022
Price
$2,705,000
Price Per SF
$1,288.10
Cap Rate
5.25%
NOI
$142,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.96 AC
Zoning
PMP - Project Master Plan
Parking
25 Spaces (11.9 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 606-060-042 | Improvements Assessment | $2,718,253 |
| Land Assessment | $321,407 | Total Assessment | $3,039,660 |
Property Taxes
Parcel Number
606-060-042
Land Assessment
$321,407
Improvements Assessment
$2,718,253
Total Assessment
$3,039,660
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Starbucks | 42290 Jefferson St
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