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625 E. Redlands Boulevard
Redlands, CA 92373

Price: $2,873,000 Zoning: C-4, San Bernardino
Bldg SF: 1,804 SF Price/SF: $1,593
Land SF: 15,275 SF CAP Rate: 3.75%
Year Built/Renovated: 1960/2016 Lease Type: NN
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Steven Schechter
(818) 212-2793
Steven.schechter@marcusmillichap.com
License # 01089464

Price: $1,593
Bldg SF: 1,804 SF
Land SF: 15,275 SF
Year Built/Renovated: 1960/2016
CAP Rate: 3.75%
Price/SF: $1,593
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Steven Schechter
(818) 212-2793
Steven.schechter@marcusmillichap.com
License # 01089464

Investment Highlights

Brand New 2016 Construction Starbucks Drive-Thru with Ten Years Remaining on the Initial 15-Year Corporate Guaranteed Lease

 

  • Brand new 2016 construction
  • Corporate guaranteed lease
  • Property includes a drive-thru
  • Starbucks executed a 15 year lease that expires on 2/28/2031 with three 5-year options
  • 10 years remaining on the initial base term
  • 12% rent increases every five years
  • NN lease with minimal management responsibility

 

Starbucks is the World’s Largest Coffee Chain

 

  • Starbucks features over 31,000 locations throughout more than 70 countries
  • Starbucks employees over 346,000 people
  • Starbucks trades on the NASDAQ under the trading symbol SBUX
  • Starbucks has a number of popular subsidiaries, such as Ethos Water, La Boulange Bakery, Seattle’s Best Coffee, and Teavana
  • Annual revenue exceeds $26 billion
  • 2020 net sales were reported at $6.2 billion, with total assets north of $19 billion

 

Excellent Redlands, CA location

 

  • Ideally located on the northwest corner of Redlands Boulevard and Clark Street
  • Less than one mile from The University of Redlands
  • Within 4 miles of two substantial in-progress and newly completed residential development projects that will bring 622 new residential units to the immediate marketplace
  • Ideally located amongst a sea of national retailers including McDonalds, Del Taco, Baskin Robbins, Dairy Queen, CVS, and Bank of America
  • Strong daily traffic counts exceeding 21,000 vehicles per day

 

AFFLUENT IMMEDIATE DEMOGRAPHICS

 

  • Average household income within one mile of the property exceeds $83,400, $102,200 within three miles, and $102,600 within five miles of the property
  • There are over 17,200 people located within one mile of the property, 75,900 within three miles of the property, and 136,000 within five miles of the property
  • There are over 6,400 households located within one mile of the property, 27,100 within three miles of the property, and 46,900 within five miles of the property