111 San Felipe Rd - Restaurant FOR SALE


Hollister, CA 95023
$3,480,000 USD
714-849-5947
111 San Felipe Rd, Hollister, CA for Sale
$3,480,000 USD
Restaurant - FOR SALE
1/16
null | 5% Cap Rate

111 San Felipe Rd
Hollister, CA 95023


HIGHLIGHTS

  • CORPORATE GUARANTEE – The property is operated by Starbucks corporate and is backed by a full corporate guarantee, providing strong credit tenancy.
  • OUTPERFORMING RETAIL LOCATION – Ranked in the top 94th percentile nationwide, top 89th percentile statewide, and top store within 15-mile radius.
  • STRONG RENT GROWTH – The lease includes a 10% rent increase effective March 2027, immediately boosting cash flow.
  • FAVORABLE DRIVE-THRU FORMAT – Average Starbucks store sales are approximately 50% higher at locations that include a drive-thru component.
  • MARKET-DOMINANT COFFEE CHAIN – Starbucks is the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries.
  • HIGH-TRAFFIC AREA – The subject property benefits from excellent visibility along San Felipe Rd, a major arterial roadway with 18,000+ VPD.

OVERVIEW

*Additional Starbucks available from same owner located at 550 W Lacey Blvd, Hanford, CA 93230* Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hollister, California, one of the most dynamic and growing markets in the Monterey Bay region. Constructed in 2021, the property features a 2,192-square-foot, modern drive-thru facility situated on a ±0.74-acre parcel, offering investors a high-quality asset with minimal management requirements. The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with over six years of remaining primary term, providing durable cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering strong long-term income growth and built-in inflation protection. An additional 10% rent increase effective March 2027 further enhances near-term cash flow. Strategically positioned along San Felipe Road, a major arterial with 18,000+ vehicles per day, the site benefits from excellent visibility, strong ingress/egress, and consistent daily traffic. The location is further strengthened by Starbucks’ market-dominant drive-thru format, which captures a significant portion of quick-service demand and supports above-average unit performance. This Starbucks is an outperforming retail location, ranking in the top 94th percentile nationwide and top 89th percentile statewide, and stands as the highest-performing store within a 15-mile radius—underscoring exceptional traffic generation and sustained revenue strength. Situated within a dense and established retail corridor, the property is surrounded by national tenants including McDonald’s, Taco Bell, KFC, Jack in the Box, AutoZone, UPS, Quik Stop, and others, driving consistent consumer draw to the area. Combined with Starbucks’ global brand strength—operating approximately 40,000 locations across 84 countries—this offering represents a stable, low-risk, long-term net lease investment in a growing California market.

FOR SALE DETAILS

PRICE

$3,480,000 USD

PRICE/SF

$1,582 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Top 94% Store Nationwide | Corp Guarantee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

AP

APN/PARCEL ID

051-020-021-000

ASK ABOUT THIS PROPERTY

Adrian StepienPrime Net LeaseMore Info
714-849-5947

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Adrian StepienPrime Net LeaseMore Info
714-849-5947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.