2536 Highland Ave - Storefront FOR SALE
Highland, CA 92346 |
$3,624,000 USD
949-244-6644
2536 Highland Ave
Highland, CA 92346
HIGHLIGHTS
- New Construction Double Drive-Thru Format | Starbucks Corporation Guaranty (NASDAQ: SBUX - S&P: BBB+) | 16,969 Locations in the U.S.)
- 70%+ of Sales Come from Mobile App and Drive-Thru
- New 10-Year Primary Term Plus 4 (5-Year) Options | 10.00% Rental Increases Every 5 Years | NNN Lease Structure with Minimal Landlord Responsibilities
- Desirable Location at the E Highland Ave On/Off Ramp to Hwy 210 (115,00 VPD) | Hard Corner Location with Two (2) Curb Cuts
- Located near Top Regional Employers, Schools and Traffic Generators
- Located in the Inland Empire, One of the Fastest Growing Regions in the Country (Expected to Grow another 20%+ by 2048)
OVERVIEW
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Starbucks in San Bernardino, CA.
NNN Lease Structure - Landlord Responsibilities Limited to Roof & Structure (15-Year Roof Warranty)
9.2 Years Lease Term Remaining
Fee Simple Ownership Interest
FOR SALE DETAILS
PRICE
$3,624,000 USD
PRICE/SF
$3,553 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,216 SF
ZONING
Commercial
APN/PARCEL ID
0285-742-18
ASK ABOUT THIS PROPERTY
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949-244-6644
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949-244-6644
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