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Starbucks Anchored Pad to Save Mart & CVS 969 Sierra St 3,230 SF 100% Leased Retail Building Kingsburg, CA 93631 $3,315,335 CAD ($1,026.42 CAD/SF) 5.65% Cap Rate
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
Property Facts
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Five Star Nails & Spa
- Services
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Five Star Nails & Spa | Services | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 394-220-18 | Improvements Assessment | $650,796 CAD |
| Land Assessment | $171,988 CAD | Total Assessment | $822,785 CAD |
Property Taxes
Presented by
Starbucks Anchored Pad to Save Mart & CVS | 969 Sierra St
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