Log In/Sign Up
Your email has been sent.
Starbucks 215 W Pacific Coast Hwy 1,112 SF Retail Building Wilmington, CA 90744 $7,227,710 CAD ($6,499.74 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Construction with Rare Drive-Thru on PCH: Newly built in 2025, this freestanding Starbucks features a coveted drive-thru on PCH.
- Strength of Entitlements: The subject property took multiple years to entitle which now grand father the drive-thru use.
- Investment-Grade Tenant: Starbucks (NASDAQ: SBUX | S&P: BBB+) operates over 41,000 stores globally.
- Strong Intrinsic Value: The state-of-the-art ground up development would be extremely costly to replicate in today’s market.
- Ten (10)-Year Corporate Lease: Starbucks recently signed an initial lease term of ten (10)-years with five (5), five (5)-year options to extend.
- High Traffic Location: The subject property is situated at the signalized intersection of PCH and Fries Avenue, with exposure to over 44,000 CPD.
EXECUTIVE SUMMARY
Brand-New Construction Dual Drive-Thru | Corporate Guaranteed Lease
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,112 SF
Building Class
B
Year Built
2025
Price
$7,227,710 CAD
Price Per SF
$6,499.74 CAD
Cap Rate
5%
NOI
$361,386 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.36 AC
Zoning
LAR1 - Residential
Parking
10 Spaces (8.99 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Security System
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,484 CAD | |
| Land Assessment | $2,612,900 CAD | Total Assessment | $2,620,384 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,612,900 CAD
Improvements Assessment
$7,484 CAD
Total Assessment
$2,620,384 CAD
CONTACTS
-
Patrick Wade -
Matthew Greenberg -
Alex Kozakov -
Bo Henderson -
Jack Webber -
Vivian Tran -
CBRE, Inc.
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Starbucks | 215 W Pacific Coast Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.