4316 Green River RdCorona, CA 92880

Property Details for 4316 Green River Rd

Year built

2024

Lot size

0.39 AC

Property size (Sq ft)

965 SF

Property type

Retail properties

Property subtype

Restaurants

Description

Exceptional investment opportunity: a brand-new, 965-square-foot Starbucks located at 4316 Green River Rd, Corona, CA 92880. This property boasts a 10-year net lease with a corporate guarantee from Starbucks (NASDAQ: SBUX), commencing May 29, 2024, and expiring May 30, 2034. The lease includes a 4.75% cap rate and a substantial annual net operating income (NOI) of $130,000. Rent increases by 10% every five years, ensuring strong future returns. Built in 2024, this single-tenant property features a drive-thru and benefits from high visibility and accessibility along a major freeway with over 279,000 cars daily. The 0.39-acre lot is situated in a thriving community with a population exceeding 160,000 and an average household income exceeding $130,000 within a 5-mile radius. The asking price is $2,737,000, representing a price per square foot of $2,836.27. The lease includes four, five-year renewal options, providing long-term stability and growth potential. This is a rare opportunity to acquire a high-performing, passively managed investment with a blue-chip tenant in a prime location.

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8787

Longitude

-117.649

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