69060 Vista Chino - Fast Food FOR SALE


Cathedral City, CA 92234
$3,973,000 USD
949-230-1487
69060 Vista Chino, Cathedral City, CA for Sale
$3,973,000 USD
Fast Food - FOR SALE
1/13
null | 4.19% Cap Rate

69060 Vista Chino
Cathedral City, CA 92234


HIGHLIGHTS

  • Brand New 10-Year Starbucks Lease | Corporate Guaranty | Investment Grade Tenant S&P: BBB+ | NASDAQ: SBUX | Café & Drive-Thru
  • Vacant Drive-Thru Equipped QSR Building | $396 Per Square Foot
  • 61,000 VPD Intersection | Directly off I-10 Off Ramp (106,000 VPD) | Pylon Sign Visible from Freeway
  • Affluent and Dense Demographics | Coachella Valley
  • First Rest Stop in Coachella Valley | Gateway to Cathedral City

OVERVIEW

• 10-year lease with 10% rental increases every 5 years • Corporate Guaranty Starbucks Corp., an Investment Grade Tenant (NASDAQ: SBUX | S&P: BBB+) • Largest coffeehouse chain globally with +/-40,990 stores in 87 countries • NN Lease – Starbucks pays for CAM, taxes, insurance and maintains most aspects of the premises. Landlord responsibilities limited to roof, structure, building systems, and CAM (CAM expenses reimbursed by tenant) • Ideal, low-management investment for a passive investor

FOR SALE DETAILS

PRICE

$3,973,000 USD

PRICE/SF

$1,773 USD /SF

CAP RATE

4.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Vacant Drive-Thru QSR Pad

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

PCC

APN/PARCEL ID

670-030-033

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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