For Sale
$3,040,000
4270 Main St Chula Vista, CA 91911
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Single-tenant Starbucks drive-thru with below-market rent of $136,631/year; comparable locations lease for $200,000+/year.
- Above-market rent increases of 12% every 5 years in option periods (typical Starbucks leases are 10%).
- Property is below replacement cost with no early termination clause.
- Investment-grade tenant: Starbucks (NASDAQ: SBUX; S&P: BBB+), consistently ranked among Fortune's "World's Most Admired Companies."
- Top 5% performing Starbucks nationally (95th percentile, Placer.ai).
- Drive-thru format boosts sales approximately 50% compared to café-only locations.
Property Details for 4270 Main St
- Property type
- Retail properties, Retail space
- Year Built
- 2018
- Lot Size (sq. ft)
- 16,988 SF
Location Insight
- City
- Chula Vista
- County
- San Diego
- State
- California
- Latitude
- 32.594719036999
- Longitude
- -117.04110185245
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 4270 Main St Chula Vista, CA.
- What is the asking price?
- The asking price for this property is $3,040,000.
- What are key features of this property?
- This property features: Single-tenant Starbucks drive-thru with below-market rent of $136,631/year; comparable locations lease for $200,000+/year.; Above-market rent increases of 12% every 5 years in option periods (typical Starbucks leases are 10%).; Property is below replacement cost with no early termination clause.
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