301 Sierra St - Fast Food FOR SALE


Kingsburg, CA 93631
$3,000,000 USD
949-769-4855
301 Sierra St, Kingsburg, CA for Sale
$3,000,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

301 Sierra St
Kingsburg, CA 93631


HIGHLIGHTS

  • Brand-New Starbucks Drive-Thru, 10-Year NNN Lease – Fresno County, CA

OVERVIEW

*International Brand, Corporate Tenancy – Starbucks (Nasdaq: SBUX) the nation's largest purveyor of specialty coffee and tea with over 38,000 stores across 84 countries, a market cap of over $107 billion, revenue of $36 billion in 2023 and investment grade BBB+ S&P credit rating *Recently Remodeled Building, Brand New NNN Lease – Starbucks opened September 1st, 2024, on a new 10-year lease with 3 additional 5-year options to renew, demonstrating the tenant’s desire for this location *Outparcel to T-Mobile Customer Experience Center – Starbucks is strategically located adjacent to the T-Mobile Customer Experience Center which opened in 2022 and employs approximately 1,200 people, creating a built-in customer base to the Starbucks in addition to the Highway 99 travelers stopping off in the area *Freestanding Drive-Thru Building – High-quality, freestanding drive-thru property with Starbucks recently investing significant capital into the site *Unsurpassed Highway 99 Access, High Traffic Location – Located along the primary thoroughfare within Kingsburg, Sierra St (13,600+ CPD) with easy access to the heavily traveled Highway 99 (69,700+ CPD)

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$934 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

CH

APN/PARCEL ID

394-042-13

ASK ABOUT THIS PROPERTY

949-769-4855

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

949-769-4855

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