1702 Mission AveOceanside, CA 92058

Property Details for 1702 Mission Ave

Year built

2016

Lot size

0.38 AC

Property size (Sq ft)

850 SF

Zone code

COMMERCIAL

Property type

Turn key restaurants

APN

148-160-32-00

APU

1481603200

Description

This exceptional investment opportunity presents a single-tenant, 850-square-foot Starbucks located at 1702 Mission Ave, Oceanside, CA 92058. Built in 2016, this Class B property sits on a 14,356-square-foot lot at a signalized intersection, offering optimal visibility and accessibility. The property boasts a strong 100% occupancy rate with a Net Net (NN) lease in place, minimizing landlord responsibilities. The current lease, commencing June 24, 2016, and expiring June 23, 2026, features a remaining term of approximately 1.6 years. Rent increases are structured with an 11% bump every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $120,432, yielding a 4.30% cap rate. The asking price is $2,825,000, translating to a price per square foot of $3,323.52. This strategically located Starbucks benefits from high traffic volume due to its proximity to the Interstate 5 freeway and the Pacific Ocean, serving a substantial population within a 5-mile radius. The lease includes four five-year renewal options, each with an 11% rent increase, providing long-term stability and significant return on investment. The property is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-established, high-performing Starbucks in a desirable coastal location.

• CAP approach

  CAP return

  Valuation

  6%

  $261,915

  6.5%

  $241,768

  7%

  $224,499

• Comparable approach

  Method

  Valuation

  Relative Method

  $346,669

  Geo Method

  $753,920

• Alternative Use

  Use

  Valuation

  Residential

  $203,940

  Hospitality

  $186,808

  Educational

  $155,422

  Medical

  $160,768

  Retail

  $241,768

Location Insight

City

Oceanside

County

San Diego

State

California

Latitude

33.2031

Longitude

-117.367

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].