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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
Top-Performing Starbucks Multi-Tenant Pad with Drive-Thru | Starbucks is Top 26% Location in California (Placer.ai); Tenant Since 2003 | Affluent Central Valley Demographics ($108,000 in a 3-Mile Radius)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,230 SF
Building Class
C
Year Built
2003
Price
$2,340,000
Price Per SF
$724.46
Cap Rate
5.65%
NOI
$132,210
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.11
Lot Size
0.69 AC
Zoning
CC - Central Commercial
Parking
20 Spaces (6.19 Spaces per 1,000 SF Leased)
Frontage
91’ on 10th Ave
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 and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Five Star Nails & Spa | Services | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 394-220-18 | Improvements Assessment | $465,230 |
| Land Assessment | $122,948 | Total Assessment | $588,178 |
Property Taxes
Parcel Number
394-220-18
Land Assessment
$122,948
Improvements Assessment
$465,230
Total Assessment
$588,178
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