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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 in 1971 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.
| 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 | $10,000 |
| Land Assessment | $490,000 | Total Assessment | $500,000 |
Property Taxes
Parcel Number
0266-521-12
Land Assessment
$490,000
Improvements Assessment
$10,000
Total Assessment
$500,000
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