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Starbucks Anchored Pad to Save Mart & CVS 969 Sierra St 3,230 SF 100% Leased Retail Building Kingsburg, CA 93631 $2,340,000 ($724.46/SF) 5.65% Cap Rate
Investment Highlights
- 100% Occupied Starbucks With Drive-Thru End Cap, Multi-Tenant Pad to Save Mart (Top 10% Nationwide) & CVS Pharmacy-Anchored Center
- Starbucks – The World’s Largest Coffee Company With Over 40,000 Locations Across 84 Countries and $36.2 Billion in Net Revenue (2024)
- Top 26% Location in California (Placer.ai)
- Internet-Resistant Tenant Mix – Starbucks, Yum Yum Yogurt, and Nice Nails & Spa
- Tenant at the Subject Property Since 2003 (23 Years)
- Rare 15% Increases in Each of the Option Periods
Executive Summary
Property Facts
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Five Star Nails & Spa
- Services
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean coffee, tea, and spices, and the business later developed into a coffeehouse brand centered on handcrafted beverages and customer connection. Starbucks operates a large network of company-operated and licensed coffeehouses and has a growing presence in consumer-packaged goods, extending the brand beyond cafés into at-home coffee products. The company's menu and format strategy includes coffeehouse and menu innovation, along with food offerings that span bakery items, snacks, and other daypart products. Starbucks focuses on specialty coffee, beverage service, and branded consumer products across its retail and packaged-goods business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Five Star Nails & Spa | Services | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 394-220-18 | Improvements Assessment | $465,230 |
| Land Assessment | $122,948 | Total Assessment | $588,178 |
Property Taxes
