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Top 94% Store Nationwide | Corp Guarantee 111 San Felipe Rd 2,192 SF Retail Building Hollister, CA 95023 $4,756,951 CAD ($2,170.14 CAD/SF) 5% Cap Rate
Investment Highlights
- CORPORATE GUARANTEE – The property is operated by Starbucks corporate and is backed by a full corporate guarantee, providing strong credit tenancy.
- STRONG RENT GROWTH – The lease includes a 10% rent increase effective March 2027, immediately boosting cash flow.
- MARKET-DOMINANT COFFEE CHAIN – Starbucks is the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries.
- OUTPERFORMING RETAIL LOCATION – Ranked in the top 94th percentile nationwide, top 89th percentile statewide, and top store within 15-mile radius.
- FAVORABLE DRIVE-THRU FORMAT – Average Starbucks store sales are approximately 50% higher at locations that include a drive-thru component.
- HIGH-TRAFFIC AREA – The subject property benefits from excellent visibility along San Felipe Rd, a major arterial roadway with 18,000+ VPD.
Executive Summary
*Additional Starbucks available from same owner located at 550 W Lacey Blvd, Hanford, CA 93230*
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hollister, California, one of the most dynamic and growing markets in the Monterey Bay region. Constructed in 2021, the property features a 2,192-square-foot, modern drive-thru facility situated on a ±0.74-acre parcel, offering investors a high-quality asset with minimal management requirements.
The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with over six years of remaining primary term, providing durable cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering strong long-term income growth and built-in inflation protection. An additional 10% rent increase effective March 2027 further enhances near-term cash flow.
Strategically positioned along San Felipe Road, a major arterial with 18,000+ vehicles per day, the site benefits from excellent visibility, strong ingress/egress, and consistent daily traffic. The location is further strengthened by Starbucks’ market-dominant drive-thru format, which captures a significant portion of quick-service demand and supports above-average unit performance.
This Starbucks is an outperforming retail location, ranking in the top 94th percentile nationwide and top 89th percentile statewide, and stands as the highest-performing store within a 15-mile radius—underscoring exceptional traffic generation and sustained revenue strength.
Situated within a dense and established retail corridor, the property is surrounded by national tenants including McDonald’s, Taco Bell, KFC, Jack in the Box, AutoZone, UPS, Quik Stop, and others, driving consistent consumer draw to the area. Combined with Starbucks’ global brand strength—operating approximately 40,000 locations across 84 countries—this offering represents a stable, low-risk, long-term net lease investment in a growing California market.
Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hollister, California, one of the most dynamic and growing markets in the Monterey Bay region. Constructed in 2021, the property features a 2,192-square-foot, modern drive-thru facility situated on a ±0.74-acre parcel, offering investors a high-quality asset with minimal management requirements.
The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with over six years of remaining primary term, providing durable cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering strong long-term income growth and built-in inflation protection. An additional 10% rent increase effective March 2027 further enhances near-term cash flow.
Strategically positioned along San Felipe Road, a major arterial with 18,000+ vehicles per day, the site benefits from excellent visibility, strong ingress/egress, and consistent daily traffic. The location is further strengthened by Starbucks’ market-dominant drive-thru format, which captures a significant portion of quick-service demand and supports above-average unit performance.
This Starbucks is an outperforming retail location, ranking in the top 94th percentile nationwide and top 89th percentile statewide, and stands as the highest-performing store within a 15-mile radius—underscoring exceptional traffic generation and sustained revenue strength.
Situated within a dense and established retail corridor, the property is surrounded by national tenants including McDonald’s, Taco Bell, KFC, Jack in the Box, AutoZone, UPS, Quik Stop, and others, driving consistent consumer draw to the area. Combined with Starbucks’ global brand strength—operating approximately 40,000 locations across 84 countries—this offering represents a stable, low-risk, long-term net lease investment in a growing California market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,192 SF
Building Class
C
Year Built
1977
Price
$4,756,951 CAD
Price Per SF
$2,170.14 CAD
Cap Rate
5%
NOI
$237,848 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.74 AC
Zoning
AP
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,192 SF
- $107.89 CAD
- Modified Gross
- Feb 2032
En réunissant les gens autour d'un café, Starbucks est devenue l'une des entreprises les plus connues et les plus appréciées au monde. Ils achètent, rôtissent et servent du café primé. Ils offrent également des boissons espresso de style italien, des boissons froides mélangées, des aliments délicieux, des thés haut de gamme et des disques compacts sélectionnés dans leurs magasins de détail. Travailler chez Starbucks, c'est un peu comme travailler avec leurs amis. Lorsqu'une personne travaille ici, elle n'est pas un « employé » — elle s'appelle « partenaires » parce qu'elle croit aux objectifs communs communs et à la réussite mutuelle. Ils se consacrent à servir du café d'origine éthique, à prendre soin de l'environnement et à redonner aux collectivités où ils font des affaires.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,192 SF | $107.89 CAD | Modified Gross | Feb 2032 |
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 051-020-021-000 | Improvements Assessment | $3,401,894 CAD |
| Land Assessment | $2,605,707 CAD | Total Assessment | $6,007,601 CAD |
Property Taxes
Parcel Number
051-020-021-000
Land Assessment
$2,605,707 CAD
Improvements Assessment
$3,401,894 CAD
Total Assessment
$6,007,601 CAD
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Top 94% Store Nationwide | Corp Guarantee | 111 San Felipe Rd
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