1204 Whitley Ave - Fast Food FOR SALE
Corcoran, CA 93212 |
$3,270,000 USD
949-244-9335
1204 Whitley Ave
Corcoran, CA 93212
HIGHLIGHTS
- Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru & Cafe: New 10-year Lease; 10% increases every 5 years
- Extremely Limited Competition: Next closest Starbucks location is over 15 miles away and this is the only Starbucks location in the City of Corcoran
- Favorable Drive-Thru & Cafe Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru
- Ideally Situated Along Whitley Avenue, Corcoran’s Major Commercial and Retail Corridor
- Corcoran is Home to J.G. Boswell Company; One of the Largest Irrigated Farming Operations in the World
- California High-Speed Rail Runs Through Corcoran: The $100 Billion project will connect Merced to Bakersfield (330,000 jobs)
FOR SALE DETAILS
PRICE
$3,270,000 USD
PRICE/SF
$1,635 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks | Corcoran, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
-
APN/PARCEL ID
030-211-018-000
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949-244-9335
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949-244-9335
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