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Starbucks Multi-Tenant Pad | Sanger, CA 512-540 Academy Ave 3,800 SF 100% Leased Retail Building Sanger, CA 93657 $2,340,000 ($615.79/SF) 5.65% Cap Rate
Investment Highlights
- Starbucks Multi-Tenant Pad: 100% Occupied, 3,800-Square-Foot Pad with Starbucks with Drive-Thru End Cap.
- Rico’s Memorial Stones – New 10-Year Lease Executed in 2022
- High Barriers to Entry with Limited Surrounding Retail Competition
- Starbucks – The World’s Largest Coffee Company with Over 40,000 Locations Across 84 Countries and $36.2 Billion in Net Revenue (2024).
- Romeo’s Pizza and Sandwiches – Tenant at the Subject Property Since 2010 (16 Years)
- Excellent Visibility Along Main Retail Corridor
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Finance and Insurance
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They offer customers short-term cash solutions along with great customer service in safe, convenient, neighborhood locations.
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- Accommodation and Food Services
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Starbucks Corporation began in 1971 as a coffee bean retailer in Seattle's Pike Place Market. The company transformed into a coffeehouse under Howard Schultz's leadership in the 1980s. Starbucks expanded internationally in the 1990s, establishing a worldwide presence with company-operated stores and licensed locations. The business serves coffee beverages, teas, and various food items while operating through multiple segments including retail operations and product licensing. Starbucks maintains a significant global footprint in the coffee retail industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Finance and Insurance | - | - | - | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 320-091-15S | Improvements Assessment | $718,794 |
| Land Assessment | $221,511 | Total Assessment | $940,305 |
Property Taxes
Presented by
Starbucks Multi-Tenant Pad | Sanger, CA | 512-540 Academy Ave
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