1248 E 17th St - Freestanding FOR SALE


Santa Ana, CA 92701- Mabury Park
$2,650,000 USD
949-330-0167
1248 E 17th St, Santa Ana, CA for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/14
null | 5.18% Cap Rate

1248 E 17th St
Santa Ana, CA 92701
Mabury Park


HIGHLIGHTS

  • • Stable NNN Lease with Corporate Tenant
  • • Attractive Income with Upside Potential
  • • Long-Term Lease Security
  • • High-Visibility, High-Traffic Location
  • • Drive-Thru Retail Asset
  • • Top-Performing Starbucks Location

OVERVIEW

The subject property is a single-tenant Starbucks café with drive-thru, located in Santa Ana, California. The building consists of approximately 2,115 square feet situated on a 0.41-acre parcel, offering ample parking and efficient site layout. This investment is backed by a long-term triple-net (NNN) lease with Starbucks, providing minimal landlord responsibilities and predictable cash flow. The lease includes built-in rent escalations and multiple renewal options, ensuring both income growth and long-term tenancy. The property benefits from its prime retail positioning at a signalized intersection and freeway-adjacent location, capturing strong commuter and local traffic. Starbucks’ continued commitment to this location—demonstrated by its long operating history and top-tier performance ranking—further reinforces the asset’s stability. This offering presents an opportunity to acquire a high-quality, passive investment with a nationally recognized tenant, stable income, and long-term upside in a strong Southern California retail market. • Top-Performing Starbucks Location This property features a long-established Starbucks with over 20 years of successful operation, ranking in the top 4% of Starbucks locations nationwide (per Place.ai), demonstrating strong and consistent sales performance. • Stable NNN Lease with Corporate Tenant Secured by Starbucks, one of the most recognized and financially strong global brands, the property offers a passive investment with a triple-net (NNN) lease structure. • Attractive Income with Upside Potential Current cap rate of approximately 5.18%, with a scheduled 10% rent increase in March 2030, bringing the projected cap rate to approximately 5.70%. • Long-Term Lease Security Approximately 3.5 years of remaining lease term, plus four (3) additional 5-year renewal options, each featuring 10% rental increases, providing long-term income stability and growth. • High-Visibility, High-Traffic Location Strategically located at a signalized intersection near a freeway off-ramp in Santa Ana, offering excellent accessibility, strong traffic counts, and consistent customer flow. • Drive-Thru Retail Asset Includes a drive-thru component, which is a highly desirable feature that enhances revenue performance and tenant demand.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$1,253 USD /SF

CAP RATE

5.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C5

APN/PARCEL ID

398-071-71

ASK ABOUT THIS PROPERTY

Richard KimColdwell Banker Best RealtyMore Info
949-330-0167

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Richard KimColdwell Banker Best RealtyMore Info
949-330-0167

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