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Value-Add Starbucks & Shops 48151 Grapefruit Blvd 4,862 SF 38% Leased 4-Star Retail Building Coachella, CA 92236 $3,265,000 ($671.53/SF) 4.50% Cap Rate
Investment Highlights
- Value-Add Multi-Tenant Retail Opportunity | 38% Occupied | New 10-Year Starbucks Lease | New Construction
- Adjacent to Proposed Hotel Development (250 Rooms) | 5 Min to Spotlight Casino | 130+ Golf Courses | 8 Min to Coachella Music Festival
- 48,000 CPD Intersection | Direct Freeway Access | Premier Rest Stop Destination
- Strong Demographics in 5-mile Trade Area
Executive Summary
• Brand new construction 4,850 SF retail building anchored by Starbucks Café & Drive-Thru with two vacant 1,500 SF suites to lease.
• Opportunity to Lease-Up the Vacant Suites at an estimated $30 PSF annually to achieve an 8.06% Return on Cost or Stabilized Cap Rate
• Arbitrage opportunity to sell the fully leased building for significant profit. See agent for comps and details
• Starbucks signed a brand new 10-year lease with 10% increases every 5 years
• Opportunity to Lease-Up the Vacant Suites at an estimated $30 PSF annually to achieve an 8.06% Return on Cost or Stabilized Cap Rate
• Arbitrage opportunity to sell the fully leased building for significant profit. See agent for comps and details
• Starbucks signed a brand new 10-year lease with 10% increases every 5 years
Property Facts
Sale Type
Investment
Property Type
Building Size
4,862 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Proposed
Price
$3,265,000
Price Per SF
$671.53
Cap Rate
4.50%
NOI
$146,907
Percent Leased
38%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.77 AC
Zoning
C-G - General Commercial
Parking
18 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Pad endcap opportunitiy.
Pad end-cap opportunity.
| Space | Size | Space Use | Position | Available |
| Tenant A | 1,519 SF | Retail | End Cap | Dec 2027 |
| Tenant B | 1,493 SF | Retail | In-Line | Dec 2027 |
Tenant A
| Size |
| 1,519 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Dec 2027 |
Tenant B
| Size |
| 1,493 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Dec 2027 |
Tenant A
| Size | 1,519 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Dec 2027 |
Pad endcap opportunitiy.
Tenant B
| Size | 1,493 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Dec 2027 |
Pad end-cap opportunity.
Nearby Major Retailers
Property Taxes
| Parcel Number | 603-220-056 | Improvements Assessment | $4,437,532 |
| Land Assessment | $552,019 | Total Assessment | $4,989,551 |
Property Taxes
Parcel Number
603-220-056
Land Assessment
$552,019
Improvements Assessment
$4,437,532
Total Assessment
$4,989,551
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Value-Add Starbucks & Shops | 48151 Grapefruit Blvd
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