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Listed by Steven D Zakula Compass
$ 2,870,000
Est. payment | /mo
1,550 SqFt
$ 2,870,000
Est. payment | /mo
1,550 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 1,550 sqft
Price per Sqft $1,851
MLS Listing ID 224056833
HOA Y/N No
Year Built 2018
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Retail
Property Description
Starbucks Corporation was founded in Seattle, Washington in 1971. Starbucks is expanding its drive-thru format which produces as much as 50% more income then its older sites. Starbucks has over 38,000 locations, and S&P BBB+ rating,$36.5 billion in annual revenue and a market capitalization rate of $86 Billion. Starbucks Drive Thru built in 2018. 1550 square feet. Ten year lease + four 5 year options with 10% rent increase upon exercise of each option. Fronts State Highway 99 with 119,000+ average cars per day. Easy on/off freeway access. Sixty-five foot pylon sign. Ten car parking. Affluent demographics with $115,000 average annual income within a 3 mile radius. Within a mile of private and public schools, government offices, Mistlin Sports Park and Spring Creek Golf and Country Club. Ripon has easy access to California's major freeways. The San Francisco Bay Area is 80 miles west and Sacramento is 60 miles north. Stockton (home of University of the Pacific, Stockton Metropolitan Airport and the port of Stockton) is 10 miles to the north. Diverse Economy
Location
State CA
County San Joaquin
Area 20508
Zoning Restaurant Drive in
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace No
Exterior
Utilities Available Separate Water Meter, Separate Gas Meter
Roof Type See Remarks
Handicap Access Parking
Total Parking Spaces 10
Building
Lot Description Freeway Nearby
Story 1
Sewer Public Sewer
Water Public
New Construction Yes
Others
Tax ID 26115052
Acceptable Financing Submit
Listing Terms Submit
