1202 W Betteravia Rd - Retail FOR SALE
Santa Maria, CA 93455 |
$4,761,905 USD
818-259-0476
1202 W Betteravia Rd
Santa Maria, CA 93455
HIGHLIGHTS
- Starbucks signed an initial lease term of ten (10)-years with two (2), five (5)-year options to extend, demonstrating their long-term commitment.
- The lease contains strong ten percent (10%) rent increases every five (5) years throughout lease term (including primary and option periods)
- Starbucks (NASDAQ: SBUX) has been in business since 1971. Its market cap exceeded $97.3 Billion and reported annual revenue over $36.2 Billion (2024).
- The ground-up construction of the double-drive thru restaurant is the new prototype design and includes car stacking for sixteen (16) vehicles.
- The large approximately 21,780 sq. ft. lot has access points from both Betteravia Road and Skyway Drive.
- The property is located across the street from the Santa Maria Police Department and a newly constructed McDonald’s.
FOR SALE DETAILS
PRICE
$4,761,905 USD
PRICE/SF
$3,663 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Fast Food, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
-
APN/PARCEL ID
111-400-032
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
818-259-0476
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
818-259-0476
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
