283 Orange Ave - Freestanding FOR SALE


Chula Vista, CA 91911
$4,445,000 USD
949-221-1807
283 Orange Ave, Chula Vista, CA for Sale
$4,445,000 USD
Freestanding - FOR SALE
1/7
null | 4.5% Cap Rate

283 Orange Ave
Chula Vista, CA 91911


HIGHLIGHTS

  • Credit Income Stream From Starbucks Corporation | #1 World’s Most Valuable Restaurant Brand | Best in Class Coffee
  • Hired Former Chipotle CEO | Hugely Positive News | $20B Added Market Cap
  • Long-Term 10 Year Lease (No Outs) | 10% Rent Increases Every 5 Years
  • Expanded Trade Area: 5 Miles from Tijuana Border Crossing | 1 mile from I-5 (163K VPD) | World’s Busiest Border Crossing with 50M Crossings/Yr
  • Ideal Drive-Thru Only Concept Gaining Traction in the QSR Industry as Customer Dining Habits Change
  • 535 Acre Mixed-Use Chula Vista Bayfront Development Is Underway | Resort, Convention Center, Commercial

OVERVIEW

PLEASE CLICK ON LINK BELOW OR EMAIL AGENTS FOR BROCHURE RECENT $20B INCREASE IN MARKET CAPITALIZATION WITH HIRING OF BRIAN NICOLL AS CEO (FORMER CHIPOTLE CEO) GOOD SELLER MOTIVATION FOR YEAR END CLOSE; BRING ALL OFFERS Faris Lee Investments is pleased to bring to market a unique opportunity to acquire a coastal San Diego newly constructed, single tenant, NNN leased Starbucks Drive Thru investment offering. With over 35,000 locations globally, Starbucks is the #1 World’s Most Valuable Restaurant Brand (QSR Magazine). The investment offers a new 10 Year lease term with 10% rent increases every 5 years backed by a publicly-traded company who reported revenue in the most recently-completed fiscal year of $35.97 Billion, an 11% increase from the prior fiscal year. Starbucks pioneered the drive thru only concept and now with customer dining habits changing so quickly with many customers only using the drive thru, many QSR behemoths like McDonald’s are following suit. Starbucks is ideally situated on the stand-alone hard corner of Orange Avenue and Third Avenue benefitting from exposure to 39,900 vehicles per day. Orange Avenue is a major east/west thoroughfare connecting two of San Diego’s busiest freeways – Interstates 5 and 805. A noteworthy aspect of this location is that Starbucks is located just over 1 mile from Chula Vista Bayfront Development, and ongoing 535 Acre mixed-use development featuring resort, hotel, convention center, retail, restaurant, recreation, and marina uses. Upon completion, the Chula Vista Bayfront Development will be a regional destination draw for not only San Diego County, but also the greater Southern California area. With its unparalleled location, strong tenant backing, and favorable lease terms, this investment opportunity presents a rare chance to secure a high-performing asset in a prime San Diego coastal location.

FOR SALE DETAILS

PRICE

$4,445,000 USD

PRICE/SF

$3,937 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coastal Sbux D/T | Bring Offers for Y/E COE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

CROSS STREETS

Third Ave

LAND ACRES

1.35 AC

LAND SF

58,742 SF

ZONING

Commercial

APN/PARCEL ID

623-030-10-00

ASK ABOUT THIS PROPERTY

Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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Shaun RileyFaris Lee InvestmentsMore Info
949-221-1807

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