1269 California Ave - Freestanding FOR SALE


Pittsburg, CA 94565
$2,712,000 USD
949-221-1803
1269 California Ave, Pittsburg, CA for Sale
$2,712,000 USD
Freestanding - FOR SALE
1/7
null | 5.75% Cap Rate

1269 California Ave
Pittsburg, CA 94565


HIGHLIGHTS

  • FIVE TENANT DRIVE-THRU STARBUCKS (NYSE: SBUX) INVESTMENT PROPERTY
  • STRATEGIC LOCATION ADJACENT TO MAJOR CA HIGHWAY (+/- 134,000 VPD) ON & OFF RAMP
  • STARBUCKS - TWENTY YEARS OF HISTORICAL OCCUPANCY AT LOCATION
  • SUBJECT PROPERTY LOCATED IN EAST BAY / SAN FRANCISCO SUBURB
  • SAN FRANCISCO / BAY AREA MSA – ONE OF THE TOP ECONOMIES IN THE UNITED STATES
  • LARGE FREESTANDING PARCEL WITH DRIVE-THRU

OVERVIEW

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a five-tenant, drive-thru Starbucks-anchored investment property in the city of Pittsburg, California. Starbucks, the largest coffee QSR brand in the world, has operated successfully at this Bay Area MSA location since 2003. The remaining tenant mix includes various daily needs and food uses, all complementary to the anchor tenant, Starbucks. This property has minimal landlord responsibilities, making it an ideal investment opportunity for passive investors. Additionally, there is a 1,400-square-foot end-cap vacancy, which presents a potential value-add scenario for an investor. The freestanding parcel has exceptional frontage on California Avenue and unobstructed access to the prominent Bay Area/Central Valley traffic corridor, California Highway 4, which sees 134,000 vehicles per day. This highway connects major California cities and suburbs surrounding San Francisco, Oakland, Stockton, and more. There are over 144,900 residents within a 5-mile radius of the property and 65,500 daytime employees. This investment property offers a unique opportunity to acquire a drive-thru-anchored strip center in the affluent and densely populated San Francisco Bay Area MSA, the nation’s 4th largest economy.

FOR SALE DETAILS

PRICE

$2,712,000 USD

PRICE/SF

$452 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MULTI-TENANT PAD | DRIVE-THRU SBUX | BAY AREA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,068 SF

ZONING

CS-O

APN/PARCEL ID

073-190-030-4

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.