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Starbucks Store NN+

$4,950,000

2201 Fletcher Parkway, El Cajon, CA 92020

Active
Last Updated: 11/24/2025

4.85

Cap Rate

240,000

NOI

Details:
Cap Rate:    4.85%
NOI:    $240,000
Building Size:    1,411 sqft
Occupancy:    100%
Class:    A
Lease Type:    Double Net
Year Built:    2026
Tenancy:    Single
Zoning:    Commercial
Price Per Sqft:    $3,508.15
Seller Financing:    No
Opportunity Zone:    No
Parking Spots:    10
Year Last Renovated:    2026
Gross Leaseable Area:    1,411
Freight Elevator:    No
Roof:    Metal Roof
HVAC:    Yes
Floor:    1
Restrooms:    1
Leed Certitified:    Yes
Lease Expire Year:    02/29/2036
Highlights:
  • Strategic Hard Corner Location – Prime, signalized intersection with multiple ingress/egress points ensures maximum visibility, access, and customer flow.
  • Corporate Lease Guarantee – Backed directly by Starbucks Corporation (NASDAQ: SBUX), providing institutional-grade creditworthiness and peace of mind.
  • High Barrier-to-Entry Market – Limited opportunities for new development make this a rare, long-term hold in a supply-constrained area.
  • Surrounded by National Retailers – Dense retail corridor with established tenants driving synergistic traffic and sustained demand.
  • Strong Demographics – High-income households and dense population within 3 miles fuel steady customer demand and drive-thru volume.
  • Brand-New Construction (2025 Delivery) – Zero deferred maintenance, reducing repair risk and capital expenditures.
  • Minimal Landlord Responsibilities – True passive income, with tenant covering taxes, insurance, and utilities.
Description:

Brand-New Starbucks | NN+ Investment Opportunity

2201 Fletcher Parkway, El Cajon, CA 92020 | Store #83384
Annual Net Income: $240,000
Offered at: $4,950,000
Landmark New Starbucks Development – Core San Diego County Location

An exceptional opportunity to acquire a brand-new NN+ leased Starbucks, strategically positioned at one of the most trafficked intersections in San Diego County. With over 30,000 vehicles daily and strong surrounding retail synergy, this location offers investors a hands-off, long-term income stream backed by one of the world’s most iconic brands.

Scheduled Completion & Delivery: November 2025
Built to Starbucks’ latest prototype and design standards, this site reflects the company’s newest drive-thru and walk-up window model, engineered for high-volume efficiency and customer convenience.

Map:
Documents:
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