Starbucks | Riverside, CA | 2050 Alessandro blvd
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Starbucks | Riverside, CA 2050 Alessandro blvd
928 SF Retail Building Riverside, CA 92508 £2,288,100 (£2,466/SF) 5% Net Initial Yield
Investment Highlights
- Single-Tenant Corporate Starbucks Drive-Thru (NASDAQ: SBUX; S&P: BBB+): Brand new 10-year lease, 10% rental increases every 5 years
- Convenient Access to Interstate 215 (162,000+ CPD)
- High-Growth, Inland Empire Location: 88.61% growth within 3 miles from 2010-2020
- Located at the Signalized Intersection of East Alessandro Boulevard and San Gorgonio Drive (51,400 CPD)
- Affluent Trade Area W Large Daytime Pop: Over 240,500 ppl in a 5-mile radius with an AHHI exceeding $111,000 in the surrounding 3 miles
Executive Summary
Brand New 10-Year Lease | 2024 Construction | Estimated Opening Date: November 15, 2024
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
928 SF
Building Class
B
Year Built
2024
Price
£2,288,100
Price Per SF
£2,466
Net Initial Yield
5%
NOI
£114,405
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Land Acres
0.96 AC
Amenities
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 263-250-069 | Improvements Assessment | £0 |
| Land Assessment | £233,412 | Total Assessment | £233,412 |
PROPERTY TAXES
Parcel Number
263-250-069
Land Assessment
£233,412
Improvements Assessment
£0
Total Assessment
£233,412
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Eric Wohl -
CJ Kiehler -
Hanley Investment Group
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Starbucks | Riverside, CA | 2050 Alessandro blvd
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