1204 Whitley Ave - Fast Food FOR SALE


Corcoran, CA 93212
$3,063,000 USD
559-650-1316
1204 Whitley Ave, Corcoran, CA for Sale
$3,063,000 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

1204 Whitley Ave
Corcoran, CA 93212


HIGHLIGHTS

  • Corporate Lease | Investment Grade Tenant | S&P BBB+
  • This Store Ranks in the Top 83% of All U.S. Starbucks Locations with $3.5M in Credit Card Sales per CenterCheck
  • Located on a Hard Corner Along the City’s Main Commercial Corridor
  • Fee-Simple Ownership Allows for Tax Beneficial Depreciation of the Property
  • Limited Competition | Only Starbucks in Town | Nearest Starbucks 20 Miles Away
  • Build-to-Suit Prototype Building with Inside Seating, Patio and Drive-Thru

OVERVIEW

Commercial Retail Associates, Inc. is pleased to be selected as the exclusive listing agent for the sale of this 2024 constructed build-to-suit ±2,000 square foot free-standing cafe prototype building with drive-thru and indoor and outdoor seating leased to the Starbucks Corporation. The property fronts Whitley Avenue, a commercial arterial that runs east to west through the city of Corcoran. Neighboring commercial business within close proximity to the subject property are McDonald’s, Taco Bell, Subway, Dollar Tree, Dollar General, Family Dollar, AutoZone, O’Reilly Auto Parts, BMO Bank, Cost Less Foods Grocery and United Health Centers. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, newly constructed commercial property that is leased to an investment-grade corporate tenant, with a long-term lease commitment to the subject site.

FOR SALE DETAILS

PRICE

$3,063,000 USD

PRICE/SF

$1,532 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Starbucks | 83rd Percentile Ranking

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Convenience Store, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

-

APN/PARCEL ID

030-211-018-000

ASK ABOUT THIS PROPERTY

Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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