788 S Main St - Fast Food FOR SALE


Willits, CA 95490
$3,177,570 USD
818-907-9525
788 S Main St, Willits, CA for Sale
$3,177,570 USD
Fast Food - FOR SALE
1/5
null | 5.35% Cap Rate

788 S Main St
Willits, CA 95490


HIGHLIGHTS

  • PRIME PASSIVE INVESTMENT OPPORTUNITY: Limited landlord responsibilities, tenant oversees all property management directly
  • BRAND NEW 10 YEAR LEASE: Long term lease featuring regular 10% rent increases every 5 years, with no kick-out clause
  • NEWLY RENOVATED BUILDING: Extensive renovations specifically suited for a Starbucks Drive-Thru, the only one in Willits
  • INVESTMENT GRADE TENANT: Strong corporate guarantee from the largest coffee company in the world
  • HIGHLY VISIBLE CORNER LOCATION: Well-positioned at the busy, signalized intersection of the two most traveled streets in the area
  • DESIRABLE CALIFORNIA REAL ESTATE: Willits is a popular tourist destination, known as “The Heart of Mendocino County” and “The Gateway to the Redwoods"

OVERVIEW

This passive net-leased investment opportunity offers a qualified buyer the chance to purchase a brand-new Starbucks drive-thru location in Mendocino County, CA, featuring a new 10-year lease with minimal landlord obligations, guaranteed by an investment grade tenant. STARBUCKS Starbucks is an American based multinational chain of coffeehouses and roaster reserves. Famously based in Seattle’s Pike Place Market and founded in 1971, the corporate coffee roaster now comprises more than 36,000 retail locations in over 80 global markets. The company was incorporated in 1985 to become the publicly traded Starbucks Corporation. Today, Starbucks is the largest coffeehouse company in the world. WILLITS, CA - GATEWAY TO THE REDWOODS Located in Northern California along the vital Highway 101 corridor, Willits is a vibrant small town known as the “Gateway to the Redwoods.” It offers a unique blend of natural beauty and small-town charm. Surrounded by majestic redwood forests, Willits attracts both tourists and residents with its outdoor recreational opportunities, including hiking, camping, and fishing.

FOR SALE DETAILS

PRICE

$3,177,570 USD

PRICE/SF

$1,146 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Starbucks | Mendocino County

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C2

APN/PARCEL ID

006-131-37-00

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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