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Starbucks | Shandin Hills, CA 935 Kendall Dr 1,872 SF Retail Building San Bernardino, CA 92407 $3,685,000 ($1,968.48/SF) 5.40% Cap Rate
Investment Highlights
- New Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru Pad to Stater Bros Market
- 10% rental increases every 5 years during the primary term and each of the four 5-year options
- Outparcel to Stater Bros Market Anchored Shopping Center (1.6 Million Annual Visits to the Shopping Center, Placer.ai)
- New 10-year lease
- 1,872-square-foot building with double drive-thru
- Favorable Drive-Thru Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru
Executive Summary
New 10-Year Lease | Frontage Along Kendall Drive (23,500 CPD) | 270,000+ People Within 5 Miles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,872 SF
Building Class
B
Year Built
2025
Price
$3,685,000
Price Per SF
$1,968.48
Cap Rate
5.40%
NOI
$198,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.43 AC
Parking
13 Spaces (6.94 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began as a coffee roaster and retailer in Seattle in 1971, first selling whole bean coffee, tea, and spices before expanding into a broader coffeehouse business. The company now centers its business on handcrafted drinks, food, loyalty and mobile-ordering services, and a mix of retail and at-home coffee products, with a presence across multiple international markets. Starbucks also continues to emphasize coffee sourcing and the store experience as part of its day-to-day operations and brand identity.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0266-521-12 | Improvements Assessment | $1,310,200 |
| Land Assessment | $499,800 | Total Assessment | $1,810,000 |
Property Taxes
Parcel Number
0266-521-12
Land Assessment
$499,800
Improvements Assessment
$1,310,200
Total Assessment
$1,810,000
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