2411 Broadway - Fast Food FOR SALE


Eureka, CA 95501
$4,800,000 USD
415-481-0788
2411 Broadway, Eureka, CA for Sale
$4,800,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

2411 Broadway
Eureka, CA 95501


HIGHLIGHTS

  • 100% leased to Starbucks and Wingstop for 10 years plus several five year extension periods
  • 10% fixed rental increases every five years in initial term and extension terms
  • 10-year net lease to Starbucks - Investment-grade tenant, rated “BBB+” by Standard & Poor’s
  • 10-year net lease to Wingstop (NASDAQ: “WING”) 2,352 locations open worldwide
  • The Dallas-based chicken chain, which passed $2 million in average unit volumes and had 28.7% same-store sales growth in the second quarter
  • Wingstop averages $2M+ in sales per 1,200 SF

OVERVIEW

The property is strategically located on Broadway Street, a key thoroughfare in Eureka, CA, with excellent visibility and access to local traffic, providing convenient connectivity to the surrounding areas. Situated in a vibrant retail corridor, the property is centrally positioned in the heart of Eureka’s commercial district. It is near major retail establishments and dining options, contributing to high foot traffic and visibility. Notable nearby tenants include Walmart Supercenter, Kohl’s, Winco, Costco, Safeway, CVS, and a variety of local shops and restaurants. Humboldt State University, one of the region’s prominent educational institutions, is located approximately f ive miles from the property, with a student body of approximately 7,000. The property is also close to the Humboldt Botanical Gardens and the scenic Humboldt Bay, which attract numerous visitors and contribute to the area’s appeal. The site benefits from its proximity to major local attractions and community amenities. It is minutes away from Downtown Eureka, which features a range of shops, cultural attractions, and dining options. The location is also conveniently accessible from major highways and transportation routes serving the Humboldt County area.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$1,519 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Wingstop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

008-021-004-000

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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