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Starbucks | Shandin Hills, CA 935 Kendall Dr 1,872 SF Retail Building San Bernardino, CA 92407 $5,210,406 CAD ($2,783.34 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
New 10-Year Lease | Frontage Along Kendall Drive (23,500 CPD) | 270,000+ People Within 5 Miles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,872 SF
Building Class
B
Year Built
2025
Price
$5,210,406 CAD
Price Per SF
$2,783.34 CAD
Cap Rate
5.40%
NOI
$281,362 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.43 AC
Parking
13 Spaces (6.94 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0266-521-12 | Improvements Assessment | $14,139 CAD |
| Land Assessment | $692,835 CAD | Total Assessment | $706,975 CAD |
Property Taxes
Parcel Number
0266-521-12
Land Assessment
$692,835 CAD
Improvements Assessment
$14,139 CAD
Total Assessment
$706,975 CAD
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Starbucks | Shandin Hills, CA | 935 Kendall Dr
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