Starbucks Drive-Thru

  • $2.9M
2033 N Imperial Ave, El Centro, CA 92243, USA

Starbucks Drive-Thru

2033 N Imperial Ave, El Centro, CA 92243, USA
  • $2.9M

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
sqft

Description

Investment Highlights
Brand New Single-Tenant Corporate Starbucks Drive-Thru:
The new 10-year lease with 10% rental increases every 5 years
Corporate guaranteed lease (NASDAQ: SBUX; S&P: BBB+); approximately 30,000 stores in 78 countries
New 2019 construction
Hard Corner Signalized Pad to Target and Lowe’s Anchored Shopping Center: Irreplaceable entrance location to regional shopping center along N. Imperial Avenue, the main north/south retail corridor in the region
High Traffic Regional Retail Destination: National credit tenants driving high sales volume traffic to the intersection include Walmart, Costco, ALDI, Food 4 Less, Party City, PetSmart, Planet Fitness, and Ross Dress for Less
Site of Significant Economic Growth: The Imperial Valley is one of the most productive agricultural regions in the world; the total dollar value of the region’s agriculture production increased 51% over the last decade to $2.06 billion annually, outpacing inflation by over 31%
Recent Nearby Residential Development: Recently developed Lotus Ranch (609 single-family homes) and the planned Citrus Grove Estates (120 single-family homes) in close proximity to the property
Regional Imperial Valley Location: El Centro is the largest city in Imperial County and is located 10 miles north of two Calexico/Mexicali border crossings, benefiting from nearly 20 million people crossing at these ports annually

Details

Updated on October 8, 2019 at 7:53 am
  • Property ID: 21377
  • Price: $2.9M
  • Property Size: 2625 sqft
  • Year Built: 2019
  • Property Type: Retail
  • Property Status: For Sale
  • Lot Size (acres): 0.74
  • Tenancy: Single
  • Cap Rate: 4.50%
  • Net Operating Income: 130,000

Additional details

  • Lease Type: NNN
  • Lease Term: 10.1 years
  • Lease Commencement: 06/10/2019
  • Lease Expiration: 06/30/2029
  • Remaining Term: 9.7 years
  • Net Rentable (sq ft): 2,625
  • Rent Bumps: 10% Every 5 Years
  • Lease Options: Three 5-Year @ 10% Each Option
  • Address 2033 N Imperial Ave, El Centro, CA 92243, USA
  • City El Centro
  • State/county California
  • Zip/Postal Code 92243

Floor Plans

Description:

Walkscore

Availability Calendar

Schedule a Tour

Your information

What's Nearby?

Education
University of Phoenix El Centro (1.23 mi)
Good 3 reviews
Imperial Unified School District (1.38 mi)
Exceptional 1 reviews
Kinder Castle Learning Academy (1.49 mi)
Poor 1 reviews
Food
Starbucks (0.01 mi)
Fair 4 reviews
Del Taco (0.03 mi)
Average 5 reviews
Cold Stone Creamery (0.04 mi)
Fair 5 reviews
Health & Medical
Welim Azinge, MD (0.09 mi)
Poor 1 reviews
Khorsand Alex, DMD - Khorsand Dental Group (0.1 mi)
Good 22 reviews
All Valley Urgent Care (0.09 mi)
Good 6 reviews
Real Estate
Azar Realtor (55.44 mi)
Exceptional 1 reviews
Jon Mattson Real Estate (92.72 mi)
Exceptional 7 reviews
Joseph Chilcote - Coldwell Banker Realty (97.04 mi)
Exceptional 2 reviews

Contact Information

View Listings
Bill Asher
  • Bill Asher
  • 949.585.7684

Enquire About This Property

By submitting this form I agree to Terms of Use

Compare listings

Compare
Bill Asher
  • Bill Asher