CBRE
JUST LISTED
STARBUCKS
 
NEW 2019 CONSTRUCTION | SINGLE-TENANT NET LEASE INVESTMENT | BRAND NEW 10-YEAR CORPORATE LEASE

4209 SPRING STREET, LA MESA, CALIFORNIA 91941
INVESTMENT SUMMARY
PURCHASE PRICE
$4,050,000
CURRENT NOI
$156,000
CAP RATE
3.85%
TRAFFIC COUNTS
27,057 CPD
 
 
INVESTMENT HIGHLIGHTS
 
IDEAL 1031-EXCHANGE NET-LEASE INVESTMENT WITH STRONG CORPORATE GUARANTEE
 
Brand New Construction Starbucks with Drive-Thru – Brand New 2019 Construction in La Mesa (San Diego County) Submarket with Desirable Drive-Thru.
 
Corporate Guaranteed Lease – The Lease is Corporately Guaranteed by Starbucks. As of August 2019, it Operates Over 28,800+ Stores Worldwide.
 
Limited Landlord Responsibilities – The Tenant is Responsible for Most Expenses and Maintenance. Responsibilities of Roof and Structure is Mitigated by Recent 2019 Construction. There is a 20-Year Roof Guarantee Currently in Place.
 
.
STRATEGIC REAL ESTATE LOCATION IN SOUTHERN CALIFORNIA
 
Highly Strategic Net Lease Location – The Property is Ideally Situated Less than 0.2 Miles North of HWY 94 and HWY 125 On/Off Ramps (Over 85,000 CPD) and Immediately Adjacent to the Intersection of Spring Street and Palm Avenue, Providing Convenient Regional Accessibility.
 
Limited Competition – The Nearest Starbucks is Over a Mile Away. Additionally, it is Located on the Morning Commute Side of the Road and is Also the Only Drive-Thru on that Side of the Expressway.
 
Commercial and Residential Proximity – Starbucks is Conveniently Surrounded by Residential, Churches, and Commuters that Starbucks Targets, Meaning Staple Coffee Location for the Surrounding Area. Additionally, the property has a Large Employer Draw and is Within Close Proximity to Several Colleges (SDSU, Grossmont College, Cuyamaca College) and Medical Centers (Grossmont Hospital).
 
Outstanding Transit Oriented and Commuter Location – Property is Located Near Public Transportation, only a Few Blocks Away from the Orange Line of the San Diego Trolley system, making Starbucks Appealing to High Net Worth Investors. Commuters from East County (El Cajon, Lemon Grove, La Mesa) Working Downtown Will Benefit the Most.
 
Exceptional Southern California Demographics – Starbucks is Ideally Situated in the Heart of a Dense, Infill Trade Area Featuring Over 18,416 Residents and Average Household Incomes Exceeding $96,932 Within a 1-Mile Radius and Over 458,183 Residents and Average Household Incomes Exceeding $87,543 within a 3-Mile Radius.
 

 
DOWNLOAD OFFERING MEMORANDUMTEAM BROCHURE
FOR MORE INFORMATION, PLEASE CONTACT:
ALEX KOZAKOV
Senior Vice President
+1 213 613 3031
alex.kozakov@cbre.com
Lic. 01416489		PATRICK WADE
Senior Vice President
+1 213 613 3071
patrick.wade@cbre.com
Lic. 01454690		MATTHEW GREENBERG
Associate
+1 213 613 3544
matthew.greenberg@cbre.com
Lic. 01968717
ALEXIS ABAD
Associate
+1 213 613 3080
alexis.abad@cbre.com
Lic. 02041863		JAKE HAYUTIN
Associate
+1 310 363 4702
jake.hayutin@cbre.com
Lic. 01981515		VIVIAN TRAN
Client Services Team Lead
+1 213 613 3642
vivian.tran@cbre.com
Lic. 02087179
. ---
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LOCAL MARKET EXPERT:
MATT LOPICCOLO
First Vice President
+1 858 546 4641
Lic. 01835052
matt.lopiccolo@cbre.com
kozakov–wade retail
@Koz_Wade_Retail
@RetailKW
Team Brochure
kwretail
CBRE
400 South Hope Street // 25th Floor // Los Angeles, CA 90071
 
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