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969 Sierra St
Kingsburg, CA 93631
Starbucks Anchored Pad to Save Mart & CVS · Retail Property For Sale
Investment Highlights
- 100% Occupied Starbucks With Drive-Thru End Cap, Multi-Tenant Pad to Save Mart (Top 10% Nationwide) & CVS Pharmacy-Anchored Center
- Starbucks – The World’s Largest Coffee Company With Over 40,000 Locations Across 84 Countries and $36.2 Billion in Net Revenue (2024)
- Top 26% Location in California (Placer.ai)
- Internet-Resistant Tenant Mix – Starbucks, Yum Yum Yogurt, and Nice Nails & Spa
- Tenant at the Subject Property Since 2003 (23 Years)
- Rare 15% Increases in Each of the Option Periods
Executive Summary
Top-Performing Starbucks Multi-Tenant Pad with Drive-Thru | Starbucks is Top 26% Location in California (Placer.ai); Tenant Since 2003 | Affluent Central Valley Demographics ($108,000 in a 3-Mile Radius)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,230 SF
Building Class
C
Year Built
2003
Price
$3,238,724 CAD
Price Per SF
$1,002.70 CAD
Cap Rate
5.65%
NOI
$182,988 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.11
Lot Size
0.69 AC
Zoning
CC - Central Commercial
Parking
20 Spaces (6.19 Spaces per 1,000 SF Leased)
Frontage
91’ on 10th Ave
Property Taxes
| Parcel Number | 394-220-18 | Improvements Assessment | $645,651 CAD |
| Land Assessment | $170,628 CAD | Total Assessment | $816,279 CAD |
Property Taxes
Parcel Number
394-220-18
Land Assessment
$170,628 CAD
Improvements Assessment
$645,651 CAD
Total Assessment
$816,279 CAD
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