1202 Betteravia Road

Highlights:

• Starbucks is an ideal low management investment for a passive investor. The Tenant reimburses Landlord for common area maintenance expenses, real estate taxes, and insurance.
• The ground-up construction of the double-drive thru restaurant is the new prototype design and includes car stacking for sixteen (16) vehicles.
• The large approximately 21,780 sq. ft. lot has access points from both Betteravia Road and Skyway Drive.
• Starbucks is located at the signalized intersection of Skyway Drive and Betteravia Road, which boasts 28,950 cars/day.
• The property is located across the street from the Santa Maria Police Department and a newly constructed McDonald’s. It is also surrounded by multiple businesses, schools, and residential units.
• Santa Maria boasts a booming population growth, with over 143,000 residents within a five (5)-mile radius. The neighborhood’s demographics include a mix of young professionals, families, and long-term residents, providing a stable customer base for businesses.
• Santa Maria is experiencing ongoing economic growth and development, with new residential and commercial projects continually enhancing the area’s appeal. This upward trend in development ensures that property values and rental incomes are likely to appreciate over time.

Description:

BRAND-NEW CONSTRUCTION STARBUCKS WITH LONG-TERM LEASE
Starbucks recently signed an initial lease term of ten (10)-years with two (2), five (5)-year options to extend, demonstrating their long-term commitment to the site.

The lease contains strong ten percent (10%) rent increases every five (5) years throughout lease term (including primary and option periods), providing strong income growth and an excellent hedge against inflation.

Starbucks (NASDAQ: SBUX) has been in business since 1971. Its market cap exceeded $97.3 Billion and reported annual revenue over $36.2 Billion (2024).

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