18,000+ VPD | Corporate Guarantee 550 W Lacey Blvd 2,013 SF Retail Building Hanford, CA 93230 $1,920,000 ($953.80/SF) 5% Cap Rate

*Additional Starbucks available from same owner located at 111 San Felipe Rd, Hollister, CA 95023*
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hanford, California, the most populous city in Kings County and a primary commercial hub for the Central Valley region. Originally constructed in 1979 and renovated in 2015, the property consists of a 2,013-square-foot drive-thru facility situated on a ±0.60-acre parcel, offering investors a stable, low-management net-lease asset.
The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with approximately 5.5+ years of remaining primary term, providing reliable near-term cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering durable long-term income growth and built-in protection against inflation.
Strategically positioned near the intersection of W Lacey Boulevard and N 11th Avenue, the site benefits from excellent visibility and strong ingress/egress along major arterial roadways carrying 18,000+ vehicles per day. The property’s drive-thru format further enhances performance, capturing a significant share of quick-service demand and aligning with Starbucks’ highest-performing store model.
Located within a dense and established retail corridor, the property is surrounded by national tenants including CVS, Mister Car Wash, 7-Eleven, Staples, Smart & Final, McDonald’s, and Burger King, generating consistent consumer traffic and reinforcing long-term tenant demand. Supported by Starbucks’ position as the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries, this offering represents a high-quality, low-risk net-lease investment in a proven Central Valley market.