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Starbucks | New 10yr Corp Lease | DriveThru 6321 Mission Blvd 1,200 SF Retail Building Riverside, CA 92509 $5,238,300 CAD ($4,365.25 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10 Year Lease | New Mission Village Center Development
- Signalized, Hard Corner Intersection (33,400 VPD) | Accessible via State Hwy 60 (173,000 VPD) | Retail Corridor
- NN | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Residential Development
EXECUTIVE SUMMARY
• The tenant recently signed a new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and variable increases at the beginning of each option period
• The subject property will benefit tremendously from its position as an outparcel to the new Mission Village Shopping Center development, which is anchored by Planet Fitness and Grocery Outlet and will feature other national tenants including Wendy’s, Quick Quack Car Wash, Dollar Tree, and more
• The center development will also feature Tesla Charging Stations and a Bank of America ATM, providing further consumer-friendly amenities
• Starbucks is anticipated to open in late February/early March
• The lease features 10% rental increases every 5 years throughout the initial term and variable increases at the beginning of each option period
• The subject property will benefit tremendously from its position as an outparcel to the new Mission Village Shopping Center development, which is anchored by Planet Fitness and Grocery Outlet and will feature other national tenants including Wendy’s, Quick Quack Car Wash, Dollar Tree, and more
• The center development will also feature Tesla Charging Stations and a Bank of America ATM, providing further consumer-friendly amenities
• Starbucks is anticipated to open in late February/early March
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
1,200 SF
Year Built
2026
Construction Status
Under Construction
Price
$5,238,300 CAD
Price Per SF
$4,365.25 CAD
Cap Rate
5%
NOI
$261,915 CAD
Tenancy
Single
Building Height
1 Story
Zoning
C-1/C-P - Commercial
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Starbucks | New 10yr Corp Lease | DriveThru | 6321 Mission Blvd
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