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Starbucks 338 E Main St

1,550 SF 4-Star Retail Building Ripon, CA 95366 $4,060,562 CAD ($2,620 CAD/SF) 4.79% Cap Rate

Investment Highlights

  • Adjacent to State Highway 99

Executive Summary

Starbucks built in 2018. 4 years remaining on initial 10 year lease. Four 5 year options with 10% rent increases. Located at the on/off ramps to State Highway 99 (119,000+ average cars per day). Affluent demographics with average annual income within a 3 mile radius of $115,000

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,550 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$4,060,562 CAD
Price Per SF
$2,620 CAD
Cap Rate
4.79%
NOI
$194,539 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.27 AC
Zoning
Commercial
Parking
11 Spaces (7.1 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 1,550 SF
  • -
  • Net
  • May 2048

Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was there where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 1,550 SF - Net May 2048

Nearby Major Retailers

Bank of Stockton
Bank of Montreal
Oak Valley Community Bank
Royal Bank of Canada
Save Mart

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 261-150-53
  • 261-150-52
Land Assessment
$733,085 CAD
Improvements Assessment
$3,491,015 CAD
Total Assessment
$4,224,100 CAD
  • Listing ID: 31856146

  • Date on Market: 2024-05-18

  • Last Updated:

  • Address: 338 E Main St, Ripon, CA 95366

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