2201 Fletcher Pkwy - Freestanding FOR SALE


El Cajon, CA 92020
$4,950,000 USD
2201 Fletcher Pkwy, El Cajon, CA for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/19
null | 4.85% Cap Rate

2201 Fletcher Pkwy
El Cajon, CA 92020


HIGHLIGHTS

  • Prime Hard-Corner Location – Situated at a high-traffic, signalized intersection with multiple ingress and egress points, ensuring maximum visibility
  • Corporate Lease Guarantee – Backed directly by Starbucks Corporation (NASDAQ: SBUX), offering institutional-grade creditworthiness.
  • High Barrier-to-Entry Market – Limited opportunities for new development in this trade area, this property represents a rare, long-term hold
  • Surrounded by National Retailers – Located in a dense retail corridor with established tenants, driving synergistic foot traffic and long-term demand.
  • Strong Demographics – High-income households and dense population within a 3-mile radius fuel consistent customer base and drive-thru demand.
  • New Construction – Zero Deferred Maintenance – Delivered brand new in 2025, reducing repair risks and capital expenditure concerns.

OVERVIEW

Brand-New Starbucks | NN+ Investment Opportunity 2201 Fletcher Parkway, El Cajon, CA 92020 | Store #83384 Annual Net Income: $240,000 Offered at: $4,950,000 Landmark New Starbucks Development – Core San Diego County Location An exceptional opportunity to acquire a brand-new NN+ leased Starbucks, strategically positioned at one of the most trafficked intersections in San Diego County. With over 30,000 vehicles daily and strong surrounding retail synergy, this location offers investors a hands-off, long-term income stream backed by one of the world’s most iconic brands. Scheduled Completion & Delivery: November 2025 Built to Starbucks’ latest prototype and design standards, this site reflects the company’s newest drive-thru and walk-up window model, engineered for high-volume efficiency and customer convenience. Investment Highlights 10-Year Corporate Lease with Multiple Renewal Options 5% Rent Increase at Year 5 Annual Net Income: $240,000 Tenant Pays All Taxes, Insurance & Utilities (NN+) Double Drive-Thru with 14-Car Stack Capacity 10-Year Builder Roof Warranty New Walk-Up Window Prototype for increased throughput A+ Credit Tenant | Starbucks Corporation Why Investors Love This Asset This is a zero-management, income-producing investment in a premier San Diego trade area—ideal for 1031 exchange buyers or those seeking stable, predictable returns with built-in rent growth. Starbucks’ proven performance, credit strength, and consistent customer demand make this one of the most secure and attractive assets available today.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$3,508 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks NEW Store #83384

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

C-6

APN/PARCEL ID

481-431-09

ASK ABOUT THIS PROPERTY

Vincent CavataioBerkshire Hathaway California PropertiesMore Info

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Vincent CavataioBerkshire Hathaway California PropertiesMore Info

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