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Starbucks 1202 W Betteravia Rd 1,300 SF 4-Star Retail Building Santa Maria, CA 93455 $6,647,239 CAD ($5,113.26 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Starbucks signed an initial lease term of ten (10)-years with two (2), five (5)-year options to extend, demonstrating their long-term commitment.
- Starbucks (NASDAQ: SBUX) has been in business since 1971. Its market cap exceeded $97.3 Billion and reported annual revenue over $36.2 Billion (2024).
- The large approximately 21,780 sq. ft. lot has access points from both Betteravia Road and Skyway Drive.
- The lease contains strong ten percent (10%) rent increases every five (5) years throughout lease term (including primary and option periods)
- The ground-up construction of the double-drive thru restaurant is the new prototype design and includes car stacking for sixteen (16) vehicles.
- The property is located across the street from the Santa Maria Police Department and a newly constructed McDonald’s.
EXECUTIVE SUMMARY
Brand-New STARBUCKS with a Drive-Thru - 10-Year Corporate Lease
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,300 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$6,647,239 CAD
Price Per SF
$5,113.26 CAD
Cap Rate
5.25%
NOI
$348,980 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.50 AC
Parking
16 Spaces (12.31 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 111-400-032 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,136,779 CAD | Total Assessment | $1,136,779 CAD |
PROPERTY TAXES
Parcel Number
111-400-032
Land Assessment
$1,136,779 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,136,779 CAD
CONTACTS
-
Patrick Wade -
Alex Kozakov -
Matthew Greenberg -
Jack Webber -
Bo Henderson -
Vivian Tran -
CBRE, Inc.
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Starbucks | 1202 W Betteravia Rd
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