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  • Starbucks in Oxnard, CA New 10 Yr Corporate NNN Lease 2023 Remodel S&P BBB+

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    Shane Mason
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    This document provides details on a $3.9 million commercial property for sale with a 4.61% capitalization rate. It has a brand new 10-year lease to Starbucks with 4 additional 5-year extension options. The lease includes 10% rental increases every 5 years and at the start of each option period. The property is located along a major roadway in an area with over 265,000 residents and 104,000 employees within 5 miles. It is close to several shopping centers and other national retailers. The listing is exclusively marketed by Greg White of SRS National Net Lease Group.

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    Starbucks for sale

    Original Title

    Starbucks in Oxnard, CA New 10 Yr Corporate NNN Lease 2023 Remodel S&P BBB+

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    This document provides details on a $3.9 million commercial property for sale with a 4.61% capitalization rate. It has a brand new 10-year lease to Starbucks with 4 additional 5-year extension options. The lease includes 10% rental increases every 5 years and at the start of each option period. The property is located along a major roadway in an area with over 265,000 residents and 104,000 employees within 5 miles. It is close to several shopping centers and other national retailers. The listing is exclusively marketed by Greg White of SRS National Net Lease Group.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    18 views4 pages

    Starbucks in Oxnard, CA New 10 Yr Corporate NNN Lease 2023 Remodel S&P BBB+

    Uploaded by

    Shane Mason
    This document provides details on a $3.9 million commercial property for sale with a 4.61% capitalization rate. It has a brand new 10-year lease to Starbucks with 4 additional 5-year extension options. The lease includes 10% rental increases every 5 years and at the start of each option period. The property is located along a major roadway in an area with over 265,000 residents and 104,000 employees within 5 miles. It is close to several shopping centers and other national retailers. The listing is exclusively marketed by Greg White of SRS National Net Lease Group.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    PRICE

    $3,900,000
    CAP RATE

    4.61%
    INVESTMENT HIGHLIGHTS
    Brand new 10-year lease with 4 (5-year) options to extend with limited
    landlord responsibilities of foundation and seismic only and No Cap on

    CAMs
    10% rental increases every 5 years and at the beginning of each option

    period
    Corporate signed by Starbucks, an investment grade (S&P: BBB+) tenant
    Undergoing Remodel, which will open in Q4 of 2023

    Located along E. Vineyard Ave (40,000 VPD)


    Close proximity to Esplanade Shopping Center (356,000 SF) anchored by

    Home Depot, Staples, Walmart Neighborhood Market, Dick’s Sporting


    Goods, T.J. Maxx, and more
    Other nearby national/credit tenants including Target, Walmart

    Supercenter, Sam’s Club, Whole Foods, Walgreens, and many more


    More than 265,000 residents (AHHI $113,111) and 104,000 employees in

    the 5-mile trade area

    View Listing
    EXCLUSIVELY MARKETED BY

    Greg White
    Senior Vice President,
    SRS National Net Lease Group

    D 602-910-3799
    greg.white@srsre.com
    AZ License No. SA027217000

    Broker/Designated Officer:
    Garrett Colburn, SRS Real Estate Partners-SoCal, LP | CA License No. 01416734

    SRS National Net Lease Group


    Chicago

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