1702 Mission Ave - Freestanding FOR SALE


Oceanside, CA 92058
$2,825,000 USD
760-473-0520
1702 Mission Ave, Oceanside, CA for Sale
$2,825,000 USD
Freestanding - FOR SALE
1/8
null | 4.26% Cap Rate

1702 Mission Ave
Oceanside, CA 92058


HIGHLIGHTS

  • Ideally located at the signalized intersection of Mission Avenue & Archer Street in Oceanside, California.
  • Trophy location 1/2 from the Pacific Ocean.
  • Corporate lease with publicly traded Starbucks, with an investment credit rating of "A-" by S&P and "A3" by Moody's.
  • Located on "going to work" side of the road leading to the Interstate 5 north and south bound lanes.
  • 11% fixed rent increases every 5 years. Next increase on June 1, 2026.
  • High traffic volumes of 29,618 cars per day on Mission Road and over 192,000 average daily volume for Interstate 5.

OVERVIEW

The Starbucks constructed in 2016 and the site of a former Jack in the Box. The Jack in the Box building was scraped and replaced with Starbucks most modern stereotype drive-thru building with outdoor seating. The location is at the signalized NEC corner of Mission Avenue and Archer Street in Oceanside, CA,. The location represents the best case scenario for Starbucks as it sits at the westbound, "Morning Commute" side of Mission Avenue through this bedroom community leading to the Interstate 5 freeway or the Pacific Ocean. This location provides immediate and direct access to San Diego County to the south and Orange and Los Angeles County to the north. Oceanside is a seaside community of Northern San Diego County as well as a enormous contributor to the military who are working and housed at Camp Pendleton Marine Base a (one of the largest Marine bases in the U.S.) and the US Navy. Starbucks, Inc. is the lease guarantor and holds an investment grade credit rating, “A-” by S & P and A3 by Moody’s. There is no early termination in the lease as you might find in other Starbucks leases. Starbucks, Inc. signed an original 10-year NN lease with four 5 year options to renew in 2014 with lease commenced in June 2016. The primary term of the lease expires June 23, 2026. The investment property provides a conservative investor long term, secure income. Due to the NN lease structure, this opportunity provides investors minimal landlord responsibility.

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$3,324 USD /SF

CAP RATE

4.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,049 SF

ZONING

-

APN/PARCEL ID

148-160-32

ASK ABOUT THIS PROPERTY

Brent HensleyNet Leased Real PropertiesMore Info
760-473-0520

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Brent HensleyNet Leased Real PropertiesMore Info
760-473-0520

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