$4,590,000

PRICE

2019

YEAR BUILT

4.00%

CAP RATE

3,000 SF

BUILDING SIZE

1.00 AC

LAND SIZE

Starbucks

1595 West Valley Boulevard | Colton, CA

The Offering

Marcus & Millichap is pleased to present Starbucks with Drive-thru, a Single Tenant Investment Opportunity in the city of Colton, California. The property consists of a 3,000 square foot new prototype building with a 1,425 SF outdoor patio sitting on a one acre parcel. The property sits at the Pepper Avenue off ramp to the Interstate 10 freeway where traffic exceeds 197,000 cars per day, and is directly across from Arrowhead Regional Medical Center. The Arrowhead Regional Medical Center is an Accredited Level II Trauma Center 456-bed acute care facility located on a 70-acre campus that experiences over 7,000 visitors a day. ARMC has the second busiest Emergency Department in the State of California, it employs over 3,300 people and provides emergency care for approximately 130,460 County residents, 113,769 admissions and approximately 254,000 outpatient visits annually. The Subject property is part of the Colton Gateway Center, a 13,500 square foot, 2019-built food-oriented retail center with other tenants including The Habit Burger and Popeyes. The property benefits from its freeway location and exposure from a 50-foot freeway pylon sign, capturing traffic traveling to and from San Bernardino county. Starbucks Corporate signed a 10-year, triple-net lease with options beginning in 2019 with 10% rent increases every five years throughout the lease term, providing the investor with a strong hedge against inflation and internet competition.

Investment Highlights

  • Brand New 2019 Construction
  • New 10-Year NNN Lease with options
  • New 3,000 SF Prototype building with drive-thru and outdoor patio
  • No Early Termination Clause
  •  10% Rent Increases every 5 years
  • I-10 Freeway On/Off Ramp Location with 50Ft Pylon Signage
  • 197,000 Daily Traffic on the I-10 Fwy
  • Located across from Arrowhead Regional Medical Center with 4,000 daily visitors
  • Starbucks Corporate Investment Grade Tenant – A2 Credit Rating
  • 125,052 residents within a 3 mile radius

Submit your information below to request the Offering Memorandum for this Property.




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