Starbucks
Eureka
,
CA
California
Call for Details
$
3,368,000
.svg)
Call for Details
4.75
%
CAP Rate
New Long-Term Corporate Starbucks
with a Double Drive-Thru
High Visibility & Convenient Access along US-101
35,000 ADT
1.5 Miles from Eureka High School
1,226 Students
Property details
- 10-Year Corporate Net Lease to Starbucks (NASDAQ: SBUX)
- 10% Scheduled Rental Escalations in Options Providing a Hedge Against Inflation
- New 2024 Construction Featuring a Double Drive-Thru Component
- Drive-Thru Concept is the Most Profitable for Starbucks
- Investment-Grade Tenant, Rate BBB+ by Standard & Poor's
- Starbucks is Ranked #126 in Fortune 500
- Revenue of $36 Billion & Net Income of $3.76 Billion
- Ideally Situated on a Hard Corner Along US-101/4th Street Near Downtown Eureka
- 35,000 ADT
- Convenient Access with Strong Visibility in the Heart of Eureka's Retail and Cultural Corridor
- Surrounding Retail & Services
- Nearby National Retailers include Habit Burger & Grill, Target, Burger King, McDonald's, FedEx, Shell & Multiple Hotel Chains
- 1.5 Miles from Eureka High School (1,226 Students)
- 2 Miles from Provident St. Joseph Hospital Eureka (138-Bed Acute Care Hospital & Level III Trauma Center)
- Eureka is a Major Tourism & Cultural Hub with Significant Year-Round Tourism Draw
- Cultural and Commercial Center of California's Iconic Redwood Coast
- Major Attractions include Old Town, Waterfront & Boardwalk, Humboldt Bay Aquatic Center, Sequoia Park Zoo & Redwood Sky Walk, Museums, Theaters & More
- Robust Demographics with Strong Consumer Base
- Population of 45,000 within 5 Miles
- Average Household Income of $96,848 within a 5-Mile Radius
- Qualifies for 100% Bonus Depreciation via Cost Segregation
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387