Starbucks 9775 Sheep Creek rd 2,200 SF 4-Star Retail Building Phelan, CA 92371 $4,740,544 CAD ($2,154.79 CAD/SF) 5.30% Cap Rate

The Snyder Carlton National Net Lease Team is pleased to offer qualified investors a great opportunity to purchase a new construction Starbucks inPhelan, CA. The new long-term net lease has a primary term of 10 years with four 5-year option periods, 10% rent increases every 5 years, limited landlord responsibilities (roof & structure only), and is backed by an investment-grade credit tenant (S&P: BBB+), providing a stable income for years to come.
The new-construction 2,200-SF building with double drive-thru access on a 1.2-acre parcel is located on the hard corner of Sheep Creek Road and Lindero Street (11,100+ VPD) and is within 1.5 miles of Pearblossom Highway (CA-138), which sees over 14,600 VPD.
This is the only Starbucks in a 10-mile radius and is strategically located between Victorville and Palmdale, serving the traffic from Route 138 and Palmdale Road (Route 18). Nearby retailers include McDonald’s, Taco Bell, KFC, Burger King, Stater Bros. Markets, 7-Eleven, Circle K, Rite Aid, AutoZone, Dollar Tree and Dollar General.
This is an excellent opportunity to acquire a brand-new Starbucks in Southern California with a long-term corporate lease with no other Starbucks in the trade area.