STARBUCKS
MARCUS & MILLICHAP
Activity# Z0380496
OFFERING
MEMORANDUM
Patrick K Conway West LA
(310) 909-2386
STARBUCKS
15327 PALMDALE ROAD, VICTORVILLE, CALIFORNIA 92392
OFFERING MEMORANDUM | STARBUCKS |
INVESTMENT OVERVIEW
15327 PALMDALE ROAD, VICTORVILLE, CA 92392
INVESTMENT HIGHLIGHTS
? Absolute NNN Lease ? Corporate Guarantee ? Over 100,000 People Within a Three Mile Radius ? Close to the Interstate 15, which sees 89,000 Vehicles Per Day ? 10% Increases Every 5 Years and in Option Periods
INVESTMENT SUMMARY
Starbucks is currently operating under a twenty year absolute triple net ground lease. The asset benefits from its location on Palmdale Road, which sees daily traffic counts exceeding 28,000 vehicles per day. Surrounding retailers in the immediate area include Taco Bell, Holiday Inn, Enterprise Rent-A-Car, Hyundai, Ford and numerous restaurants and banks. Victorville is located at the southwestern edge of the Mojave Desert, 81 miles northeast of Los Angeles, 34 miles south of Barstow, 48 miles east of Palmdale, and 37 miles north of San Bernardino through the Cajon Pass on Interstate 15. Victorville is the location of offices of the "Mojave Desert Branch" of the San Bernardino County government. Victorville is the home of the Southern California Logistics Airport (SCLA). The SCLA is a 2,500-acre world class aviation and air cargo facility serving international and domestic needs. The airport can accommodate all current flying commercial and military aircraft with a 24-hour per day tower operation and emergency response capabilities comparable to the world's largest airports. The SCLA employs over 2,000 employees.
OFFERING SUMMARY
PRICE NOI CAP RATE PRICE/SF RENT/SF LEASE TYPE GROSS LEASABLE AREA (GLA) YEAR BUILT LOT SIZE
$2,350,000 $108,900 4.63 % $1,223.96 $94.22 NNN 1,920 SF
2007 0.26 ACRES
OFFERING MEMORANDUM | STARBUCKS | 15327 PALMDALE ROAD, VICTORVILLE, CA 92392
3
OFFERING MEMORANDUM | STARBUCKS |
LEASE SUMMARY
15327 PALMDALE ROAD, VICTORVILLE, CA 92392
LEASE SUMMARY Property Subtype Tenant Rent Increases Guarantor Lease Type Lease Commencement Lease Expiration Lease Term Term Remaining on Lease Renewal Options Landlord Responsibility Tenant Responsibility
Right of First Refusal/Offer
Net-Leased Restaurant Starbucks
10% Every Five Years Corporate Guarantee
NNN 9/1/2007 8/31/2027 20 Years
9 Years Three Ten-Year Options CAM (Gets reimbursed by
tenant) Insurance, Property Taxes,
Maintenance Yes
PROPERTY SUMMARY Property Address Price Net Operating Income CAP Rate Year Built Gross Leasable Area Zoning Type of Ownership Lot Size
Starbucks 15327 Palmdale Rd., Victorville, CA 92392
$2,350,000 $108.900 4.63% 2007 1,920 SF N/A
Ground Lease 0.26 Acres
OFFERING MEMORANDUM | STARBUCKS |
TENANT PROFILE
15327 PALMDALE ROAD, VICTORVILLE, CA 92392
TENANT PROFILE Tenant Lease Guarantor Ownership Years in Business Credit Rating Number of Locations Headquarters Website
Starbucks Corporate
Public 43 Years
A 23,187 Worldwide
Seattle, WA
TENANT OVERVIEW
Starbucks Corporation operates as a roaster, marketer and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East and Africa; China/ Asia Pacific; and Channel Development. The company's stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. Its stores also provide fresh food offerings; readyto-drink beverages; and various food products, such as pastries, breakfast sandwiches and lunch items, as well as beveragemaking equipment and accessories. In addition, it licenses the rights to produce and distribute Starbucks branded products to The North American Coffee Partnership with the Pepsi-Cola Company, as well as licenses it trademarks through licensed stores and grocery and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattle's Best Coffee, Evolution Fresh, La Boulange, Ethos, Starbucks VIA, Frappuccino, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks Discoveries Iced Caf? Favorites brand names.
Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. As of 2018, the company operates 28,218 locations worldwide. Starbucks is considered the main representative of "second wave coffee", initially distinguishing itself from other coffee-serving venues in the US by taste, quality, and customer experience while popularizing darkly roasted coffee. Since the 2000s, third wave coffee makers have targeted quality-minded coffee drinkers with hand-made coffee based on lighter roasts, while Starbucks nowadays uses automated espresso machines for efficiency and safety reasons.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- starbucks bomb drink
- starbucks cold blaster
- starbucks cold bomb tea
- starbucks cold bomb
- starbucks cold buster calories
- starbucks cold buster ingredients
- starbucks cold buster recipe
- starbucks cold buster secret menu
- starbucks cold buster tea recipe
- starbucks cold remedy tea
- starbucks cough drop tea
- starbucks cough drop