For Sale Contact for Pricing
Retail
Description

0 10th Street and Chestnut St

Retail -

Retail

Starbucks Ground Lease – Rare 20 Year LeaseNEC
Size:2,365 SF | Price: $3,750,000 ($1,586/SF) 4% Cap Rate

Best in class, e-commerce resistant tenancy – new 20-year absolute net ground lease with no landlord obligations Strategically located at the foot of the off/on ramp from Highway 101 (over 104K VPD) and strong visibility with 80’ pylon sign Part of the new construction Plaza Allium center featuring popular co-tenants such as Chick-fil-A, Circle K, and the Hyatt Place Hotel (120 keys)
Strong inflation protection: Starbucks rent increases 10% every 5 years New double drive-thru site on busy E 10th Street (Hwy 152) with traffic counts over 31,300 VPD Affluent surrounding demographics with an average household income over $146,600 and population over 55,900 within 3 miles of the property

EXECUTIVE SUMMARY
Fisher James Capital and Cushman & Wakefield are pleased to exclusively offer for sale a new construction 2,365± square foot freestanding STARBUCKS retail building with double drive thru and ample parking on site with a new 20-year absolute net ground lease with 10% rent increases every 5 years. The property is currently under construction with completion and opening scheduled for March 2024.

The Starbucks property is strategically located at the foot of the off/on ramp for US Highway 101 (104,200 VPD) at the intersection of E 10th Street/Pacheco Pass Hwy (152) with traffic counts over 31,300 VPD. There is an 80’ pylon sign that ensures strong visibility to the robust traffic counts on US Highway 101. The property is part of the new construction Plaza Allium retail and hospitality center featuring popular cotenants such as Chick-fil-A, Circle K, Blue Wave Car Wash, and the Hyatt Place Hotel (120 keys). The surrounding demographics are outstanding with an average household income over $146,600 and population over 55,900 within 3 miles. The immediate area is a robust retail and commercial corridor surrounding the confluence of E 10th Street/Pacheco Pass Hwy (152) and Highway 101 featuring several major shopping centers with anchor tenants such as Costco, Walmart, Lowe’s, Target, Kohl’s, Smart & Final, and Burlington, multiple auto dealerships, and numerous large scale industrial manufacturing and distribution centers.

Putnam Daily, Fisher James Capital
510.289.1166
putnam@fisherjamescapital.com

Vahe Nokhoudian, Fisher James Capital
625.484.4034
vahe@fisherjamescapital.com

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