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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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Five Star Nails & Spa
- Services
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
Starbucks Corporation began in 1971 as a coffee bean retailer in Seattle's Pike Place Market. The company transformed into a coffeehouse under Howard Schultz's leadership in the 1980s. Starbucks expanded internationally in the 1990s, establishing a worldwide presence with company-operated stores and licensed locations. The business serves coffee beverages, teas, and various food items while operating through multiple segments including retail operations and product licensing. Starbucks maintains a significant global footprint in the coffee retail industry.
| 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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Starbucks Anchored Pad to Save Mart & CVS | 969 Sierra St
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