$4,090,000 USD
949-244-9335
402 N Milpas St
Santa Barbara, CA 93103
Lower East
HIGHLIGHTS
- New Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Café
- New 10-Year Lease
- Strategically-Located, Café-Only Location that Aligns with the Company’s Mission to Restore the Café Culture and Revive the Guest Experience
- To Reinvigorate the Experience, Starbucks is Testing a New Store Model That Considers Expanded Seating Options Catering to Work and Socialization
- High-Barriers-to-Entry Coastal Location: Rare Santa Barbara real estate with long-term appreciation value
- High-Traffic Location and Phenomenal Walk Score: 36,000 cars per day at N Milpas Street and E Gutierrez Street and walk score of 94 out of 100
FOR SALE DETAILS
PRICE
$4,090,000 USD
PRICE/SF
$1,818 USD /SF
CAP RATE
4.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks | Santa Barbara, CA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
CROSS STREETS
E Gutierrez
LAND ACRES
0.26 AC
LAND SF
11,326 SF
ZONING
C2
APN/PARCEL ID
031-311-027
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949-244-9335
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949-244-9335
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