Your email has been sent.
Starbucks | Shandin Hills, CA 935 Kendall Dr 1,872 SF Retail Building San Bernardino, CA 92407 $5,164,380 CAD ($2,758.75 CAD/SF) 5.40% Cap Rate
Investment Highlights
- New Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru Pad to Stater Bros Market
- 10% rental increases every 5 years during the primary term and each of the four 5-year options
- Outparcel to Stater Bros Market Anchored Shopping Center (1.6 Million Annual Visits to the Shopping Center, Placer.ai)
- New 10-year lease
- 1,872-square-foot building with double drive-thru
- Favorable Drive-Thru Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru
Executive Summary
Property Facts
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0266-521-12 | Improvements Assessment | $1,845,404 CAD |
| Land Assessment | $703,963 CAD | Total Assessment | $2,549,367 CAD |
Property Taxes
Presented by
Starbucks | Shandin Hills, CA | 935 Kendall Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.