4365 N University Pky
San Bernardino, CA 92407
Brand New Starbucks | Now Open | 10 Year · Retail Property For Sale

SRS National Net Lease Group is pleased to present the rare opportunity to acquire, a freestanding, single tenant, net leased, drive-thru Starbucks investment property located in San Bernardino, CA. This particular offering is a unique Starbucks prototype store that is part of a new concept which offers artisanal food, beer, and wine. In addition, the building was delivered with a LEED certification. The tenant, Starbucks, signed a brand new 10-year lease with 4 (5-year) option periods. The lease features a rare 10% rental increase in year 6 and at the beginning of each option period. The lease is corporate guaranteed by Starbucks Corporation (NASDAQ: SBUX), with an S&P investment grade credit rating of A- and the landlord responsibilities are limited to roof and structure. The subject site will be located near the signalized, hard corner intersection of University Parkway and N. State Street (combined 34,118 VPD). The asset has excellent visibility & access on a corner site. Starbucks is poised to serve nearly 21,000 students who attend the nearby California State University San Bernardino located 2-miles north of the site. In addition, the site is located under a mile from large industrial facilities and production plants as well as national/ credit tenants such as Walmart, Ralphs Grocery Store, Subway, McDonald’s, and more. The new site is idealy located on the corner of the Ridgeline Apartment Homes further increasing consumer traffic. The immediate 5-mile trade area is supported by a dense population growth of approximately 243,000 with an average household income of $56,649.