27 John St - Fast Food FOR SALE


Salinas, CA 93901
$3,700,000 USD
415-413-3005
27 John St, Salinas, CA for Sale
$3,700,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

27 John St
Salinas, CA 93901


HIGHLIGHTS

  • 10-year corporate net lease to Starbucks Corporation
  • 10% fixed rental increases every five years, offering projected growth over a long-term investment
  • Investment grade tenant, rated “BBB+” by Standard & Poor’s
  • Mobile orders account for 31% of total transactions, a new record high for Starbucks
  • Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 38,038 locations and $36 billion in annual revenue
  • High-quality 2024 construction built to latest Starbucks prototype featuring six (6) curbside pickup spaces for additional customer convenience

OVERVIEW

This Starbucks has a high-visibility and easily accessible location at the signalized intersection of John Street and Monterey Street (33,369 AADT). The property is centrally located at the confluence of three highly trafficked Salinas thoroughfares, including South Main Street, allowing the site to capture significant commuter traffic (combined 62,669 AADT). Ideally set in Salinas’ primary active corridor, the property is one mile from Hartnell College (17,000 students) and 10 miles from Cal State University Monterey Bay (7,634 students), establishing a strong collegiate customer base. The site greatly benefits from its proximity less than two miles from Salinas Valley Memorial Hospital (263 beds, 2,312 employees). 176,659 residents live within a five-mile radius of the site with an average annual household income of $112,694, providing an extremely large and affluent customer base. Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Starbucks and Salinas for steady concurrent growth.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$2,960 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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