Starbucks

Highlights:

• Industry Titan / Investment Grade Corporate Guarantee – Starbucks
• Passive Drive-Thru Investment / Ease of Management
• Strategic Hard Corner Freeway Location at On/Off Ramp to 22 Freeway
• “Going to Work Side” of the Street Positioning
• Affluent / Dense Infill Orange County Demographics
• Rare Orange County STNL Starbucks Drive Thru Offering

Description:

Faris Lee Investments is pleased to present the unique opportunity to acquire a fee simple interest (land & building) in a single-tenant, freestanding, NNN leased, Starbucks drive-thru (“the Property”), located in Santa Ana, CA (Orange County). The tenant, Starbucks, is an industry titan with well over 40,000 locations globally and a market cap exceeding $127 billion, poising itself as the dominant coffee QSR operator. The Property consists of a corporate guarantee from Starbucks who currently has 5 years of initial term remaining, 4 (5-year) options to extend and no earlier termination clause. Additionally, the Property features 10% rental increases every 5 years furthering an investor’s return on investment & hedging against inflation. The lease structure is NNN too with property taxes, insurance, HVAC and common area expenses all passed through onto the tenant, providing an investor minimal responsibilities and passive income.
The Property is strategically positioned on the freestanding hard corner of Grand Ave. and Fairhaven Ave., at the on/off ramps for the 22 Freeway. This provides exceptional exposure to over 200,000 vehicles per day and easy access for daily commuters, as the Property set on the “going to work” side of the avenue. Residing in the high barrier of entry Santa Ana submarket of Orange County, the Property benefits from extremely dense infill demographics with over 265,600 residents, 175,600 daytime employees and average household incomes exceeding $121,000 within a 3-mile radius. In conjunction, the Property is situated within 1.5 miles of Chapman University (9,900 annual students), and 1.2 miles of CHOC Hospital (250,000 annual patients) and 1.2 miles from St. Joseph’s Hospital (over 82,000 annual patients) adding to the Tenant’s consumer base.

Santa Ana, CA, is a historic and culturally diverse city in Orange County, situated just south of Anaheim and approximately 10 miles from the Pacific Coast. As the county seat, Santa Ana serves as a major governmental, commercial, and economic hub in Southern California, benefiting from its strategic location near major highways, including the I-5, 55, 22, and 405 Freeways. The city is also home to John Wayne Airport, providing convenient air travel access, and is well-connected through Metrolink rail services and OCTA public transit. With a population of around 310,000, Santa Ana is one of the most densely populated cities in California, offering a mix of urban convenience and cultural vibrancy.
Santa Ana’s downtown district blends historic charm with modern development, featuring beautifully restored Spanish-style architecture, a bustling arts scene, and a growing selection of restaurants, breweries, and entertainment venues. The Santa Ana Arts District and the Bowers Museum showcase the city’s rich cultural heritage, while the Santa Ana Zoo and Discovery Cube Orange County attract families and visitors alike. Outdoor spaces like Birch Park and Santiago Park provide recreational opportunities, and the city hosts numerous annual events, including the Fiesta Patrias Festival and Noche de Altares, celebrating its deep-rooted Latino culture.
Santa Ana also boasts strong educational and business opportunities. It is home to Santa Ana College, part of the Rancho Santiago Community College District, and a thriving job market driven by industries like retail, technology, and manufacturing, as well as headquarters for major companies such as Behr Paint and Ingram Micro. With a Mediterranean climate, a growing economy, and a dynamic community, Santa Ana continues to be an attractive destination for residents, businesses, and investors, reinforcing its role as a key city in Southern California.