2201 Fletcher Pkwy - Freestanding FOR SALE


El Cajon, CA 92020
$4,795,999 USD
2201 Fletcher Pkwy, El Cajon, CA for Sale
$4,795,999 USD
Freestanding - FOR SALE
1/11
null | 5% 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

Starbucks Store #83384 | NOI: $240,000 | 5% Cap | 10% increase Yr 5 Brand-new, corporate Starbucks located along one of San Diego County’s most heavily traveled retail corridors, 30,000+ vehicles per day at a major signalized intersection. Built to Starbucks Corporation’ newest prototype standards, this flagship location delivers maximum visibility, exceptional access, and long-term income security from one of the strongest credit tenants in the world. Secured by a 10-year NN+ lease with multiple renewal options, offering stable, predictable cash flow and a 10% rent increase after Year 5. Starbucks is responsible for taxes, insurance, and utilities, creating a hands-off, truly passive investment ideal for long-term holders and 1031 exchange buyers. Designed for future performance and operational efficiency, the site features a double drive-thru with a 14-car stack, a walk-up window prototype, and freeway-front visibility, one of the most advanced and high-volume designs Starbucks currently offers. The building also includes a 10-year builder roof warranty, adding another layer of investor confidence. This is a fully turnkey, institutional-quality asset with strong income, built-in rent growth, and an A+ credit tenant, positioned for long-term appreciation and durability through all market cycles. Secure. Passive. Recession-resistant. Ideal for 1031 buyers seeking safety, growth.

FOR SALE DETAILS

PRICE

$4,795,999 USD

PRICE/SF

$3,399 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

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

2026

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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