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Starbucks | New 10yr Corp NN 750 Main St 2,219 SF Retail Building Chula Vista, CA 91911 $3,667,000 ($1,652.55/SF) 4.50% Cap Rate
Investment Highlights
- New, 10-Year Lease | Options To Extend | Scheduled Rental Increases
- Part of New Retail Development | Interstate 805 (262,000 VPD) | New Housing Developments
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Starbucks investment property located in Chula Vista, California. The tenant, Starbucks recently signed a brand new, 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,219 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,667,000
Price Per SF
$1,652.55
Cap Rate
4.50%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.15 AC
Zoning
ILP
Parking
21 Spaces (9.46 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Restaurant
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 644-040-81 | Improvements Assessment | $0 |
| Land Assessment | $10,114,110 | Total Assessment | $10,114,110 |
Property Taxes
Parcel Number
644-040-81
Land Assessment
$10,114,110
Improvements Assessment
$0
Total Assessment
$10,114,110
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Starbucks | New 10yr Corp NN | 750 Main St
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