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Starbucks | Corcoran, CA 1204 Whitley Ave

2,000 SF Retail Building Corcoran, CA 93212 $4,635,127 CAD ($2,318 CAD/SF) 5.15% Cap Rate

Retail Space California Corcoran 1204 Whitley Ave, Corcoran, CA 93212

Investment Highlights

  • Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru & Cafe: New 10-year Lease; 10% increases every 5 years
  • Favorable Drive-Thru & Cafe Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru
  • Corcoran is Home to J.G. Boswell Company; One of the Largest Irrigated Farming Operations in the World
  • Extremely Limited Competition: Next closest Starbucks location is over 15 miles away and this is the only Starbucks location in the City of Corcoran
  • Ideally Situated Along Whitley Avenue, Corcoran’s Major Commercial and Retail Corridor
  • California High-Speed Rail Runs Through Corcoran: The $100 Billion project will connect Merced to Bakersfield (330,000 jobs)

Executive Summary

New 10-Year Lease | No Early Termination | Only Starbucks in a 15-Mile Radius

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
B
Year Built
2023
Price
$4,635,127 CAD
Price Per SF
$2,318 CAD
Cap Rate
5.15%
NOI
$238,763 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
158 ft on Whitley Avenue

Links

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Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
Krispy Krunchy Chicken
Bank of Montreal
The YMCA

PROPERTY TAXES

Parcel Number 030-211-018-000 Improvements Assessment $0 CAD
Land Assessment $198,815 CAD Total Assessment $198,815 CAD

PROPERTY TAXES

Parcel Number
030-211-018-000
Land Assessment
$198,815 CAD
Improvements Assessment
$0 CAD
Total Assessment
$198,815 CAD
(949) 244-9335

Contacts

  • Listing ID: 31511935

  • Date on Market: 2024-04-15

  • Last Updated:

  • Address: 1204 Whitley Ave, Corcoran, CA 93212

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Starbucks | Corcoran, CA | 1204 Whitley Ave
(949) 244-9335 x

Starbucks | Corcoran, CA | 1204 Whitley Ave

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Sean Cox

(949) 244-9335

(949) 244-9335

Bill Asher

(844) 585-7684

(844) 585-7684

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