Starbucks & Wingstop
Eureka
,
CA
California
Call for Details
$
4,800,000
.svg)
Call for Details
5.00
%
CAP Rate
Fully Leased Two-Tenant Retail Asset
2024 Construction with a Drive-Thru
High Visibility & Convenient Access along US-101
40,400 ADT
Half a Mile from Walmart-Anchored Bayshore Mall
4M+ Annual Visits
Property details
- 100% Leased to Starbucks & Wingstop on Long-Term Leases
- 10% Scheduled Rental Escalations in Primary Terms & Options Providing a Hedge Against Inflation
- 10-Year Net Lease to Starbucks (NASDAQ: SBUX) with a Drive-Thru
- Investment-Grade Tenant, Rated BBB+ by Standard & Poor's
- Ranked #126 in Fortune 500 with 2024 Revenue of $36 Billion & Net Income of $3.76 Billion
- 10-Year Net Lease to Wingstop (NASDAQ: WING)
- One of Fastest-Growing Concepts in the Country, with 2,800 Locations Worldwide
- New 2024 Construction Featuring a Drive-Thru Component for Starbucks
- Drive-Thru Locations Rank Among Starbucks' Highest-Volume Formats
- Prominent, Convenient Location Along US-101, Eureka's Primary Thoroughfare (40,400 ADT)
- Active Retail Corridor, Across from a Brand New In-N-Out Burger, Chipotle, MOD Pizza & T-Mobile
- Surrounding Retailers including Costco, WinCo Foods, Michaels, Chevron, KFC, Applebee's, Les Schwab Tire Center, Jack in the Box & Multiple National Hotel Chains
- Half a Mile from Bayshore Mall
- 4M+ Annual Visits (per Placer.ai)
- Over 40 Retailers, including Walmart, Ross, T.J. Maxx & Kohl's
- 4M+ Annual Visits (per Placer.ai)
- 1.5 Miles from Eureka High School (1,226 Students) & 5 Miles from Cal Poly Humboldt (6,000+ Students)
- Strong Local Demographics with Broad Consumer Base in Tourism Hub
- 72,000+ Residents within 5 Miles with an Average Household income of $92,700+
- 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
- Qualifies for 100% Bonus Depreciation via Cost Segregation
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Vahe Nokhoudian
Partner
CA RE Lic #01963342
Lindsey Snider
Senior Partner
CA RE Lic #01443387