3250 E Bidwell St | Folsom, CA 95630
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3250 E Bidwell St
Folsom, CA 95630
Starbucks · Retail Property For Sale
Investment Highlights
- 10-year corporate net lease to Starbucks Corporation (NASDAQ: “SBUX”)
- Investment-grade tenant, rated “BBB+” by Standard & Poor’s
- Per Statista, customers go to Starbucks six times per week on average
- 10% rental increases every five years in initial term and option periods
- Starbucks Corporation is the world’s premier coffee company, with over 38,000 locations worldwide and $36B in annual revenue
- Approximately 60 million Starbucks customers are served every week, while approximately four million coffee-based beverages are sold daily
Executive Summary
This Starbucks is located just off State Route 50 (115,500 AADT), at the signalized intersection of Alder Creek Parkway and East Bidwell Street with access to more than 43,000 vehicles passing directly in front of the site. Ideal location with proximity to a new commercial shopping center, The Shops at Folsom Ranch (tenanted by Chevron, The Habit Burger Grill, Golden 1 Credit Union, Folsom Ranch Veterinary Hospital, and more). The site is surrounded by major traffic drivers such as UC Davis Health and Dignity Health (combined estimated ±4,500 employees) and Alder Creek Marketplace (anchored by a national grocer). This Starbucks is located across the street from residential communities, including Rockress at Folsom Ranch, Oakwood at Folsom Ranch, Broadstone Estates, and Russell Ranch. 118,147 residents live within five miles of the site, creating a stable customer base for the site. The average annual household income within a one-mile radius of this Starbucks is $282,028. Since the 2010 U.S. Census, the population within a one-mile radius of the site has increased more than ten-fold, and Folsom’s population increase stands to be more than triple the rate of growth seen across the Sacramento region.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
2024
Price
$5,291,882 CAD
Price Per SF
$2,405 CAD
Cap Rate
4.75%
NOI
$251,379 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.79 AC
Parking
9 Spaces (4.09 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 072-4150-002 | Improvements Assessment | $0 CAD |
Land Assessment | $670,083 CAD | Total Assessment | $670,083 CAD |
PROPERTY TAXES
Parcel Number
072-4150-002
Land Assessment
$670,083 CAD
Improvements Assessment
$0 CAD
Total Assessment
$670,083 CAD
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