9775 Sheep Creek rd - Freestanding FOR SALE


Phelan, CA 92371
$3,396,000 USD
818-907-9525
9775 Sheep Creek rd, Phelan, CA for Sale
$3,396,000 USD
Freestanding - FOR SALE
1/2
null | 5.3% Cap Rate

9775 Sheep Creek rd
Phelan, CA 92371


HIGHLIGHTS

  • BRAND NEW CONSTRUCTION IN SOUTHERN CALIFORNIA: Newly constructed built-to-suit, featuring a modern prototype design and a double drive-thru
  • LONG TERM PASSIVE NET LEASE: New 10-year net lease providing stable income with limited landlord responsibilities
  • ONLY STARBUCKS WITHIN A 10-MILE RADIUS: This Starbucks location serves a large and developing trade area, limited competition
  • INVESTMENT-GRADE TENANT: Starbucks is a publicly traded company (NYSE: SBUX) and holds an S&P credit rating of BBB+
  • HIGH VISIBILITY CORNER LOCATION: Strategically positioned “hard-corner” with traffic counts exceeding 11,100 vehicles per day
  • SAN BERNARDINO MSA: The Riverside-San Bernardino-Ontario MSA is one of the largest and fastest growing population centers in the United States

OVERVIEW

This offering presents a brand-new construction, built-to-suit Starbucks located in Southern California, featuring the company’s latest prototype design. The double drive-thru is built to accommodate high customer volume and long-term operational efficiency. The property is secured by a new 10-year triple net lease providing stable, passive income with limited landlord responsibilities, complemented by four additional 5-year option periods and regularly scheduled rental increases. Starbucks (NYSE: SBUX) holds a BBB+ investment grade credit rating from Standard & Poor’s, providing investors with an investment grade asset. Strategically positioned on a high-visibility signalized corner with traffic counts exceeding 11,100 vehicles per day, the site benefits from strong consumer exposure and is surrounded by national retailers including McDonald’s, Stater Bros., 7 Eleven, and Dollar General, driving consistent traffic to the area. As the only Starbucks within a 10-mile radius, the property captures demand from a large and expanding trade area. The location is further supported by strong local demographics, including average household incomes of approximately $90k within a 5-mile radius and proximity to three schools with a combined enrollment exceeding 3,100 students. Situated within the Riverside-San Bernardino-Ontario MSA, one of the fastest growing regions in the United States with over 4.65 million residents, this asset offers a compelling opportunity for long term, passive investment in a high growth market.

FOR SALE DETAILS

PRICE

$3,396,000 USD

PRICE/SF

$1,521 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New So Cal Starbucks | Phelan CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

3066-121-64

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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