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11162 Garden Grove Blvd
Garden Grove, CA 92843

Starbucks Drive-Thru Ground Lease · Land For Sale · 0.42 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Strip Center
Total Lot Size 0.42 AC

DESCRIPTION

Starbucks Drive-Thru (New 20-Year Ground Lease) Brand New Construction, Corporate Guaranteed Starbucks - Brand New 20 Year Absolute Net Ground Lease with 10% Increases Every 5 Years - Corporate Guaranteed Lease with Starbucks (NYSE: SBUX) with an Investment Grade Credit Rating of A- by Standard & Poor' s, has a Net Worth of $5.8 Billion and Annual Revenue Exceeding $19.2 Billion - Brand New 2017 Prototype Construction with an 850 Square Foot Drive-Thru Only Building on a 18,295 Square Foot Signalized Corner Lot - Trophy Location Property Sits on Corner of Euclid and Garden Grove Boulevard which Oversees 64,000 Combined Vehicles Per Day Prime Retail Location - Signalized Corner Location by One of Costco' s Most Successful Locations (Garden Grove' s Biggest Driver of Taxes) - One Block Away from the Garden Grove Civic Center - Across from the New Cottage Industries Project by Shaeen Sadeghi Who' s Projects Include Anaheim Packing House, The Lab, The Camp, and Others (See Page 12 for details) - Area Developments Include a $450 Million Project on Harbor Boulevard that Consists of Three Hotels with 769 Rooms - First Orange County New 20-Year Ground Lease Starbucks to Come Available for Purchase on the Market Well Positioned in Affluent Orange County Market - AAA Location Orange County, Garden Grove, CA 34 Miles South of Los Angeles and 2.8 Miles from Disneland - 1/2 Mile From 22 Freeway which oversees 141,800+ Vehicles Per Day - Corridor is Benefited from Major Retailers such as Costco, Home Depot, Del Taco, McDonald' s, and Office Depot to Name a Few

PROPERTY TAXES

ZONING

Zoning Code CCSP-CC
  • Listing ID: 6915291

  • Date on Market: 4/24/2017

  • Last Updated:

  • Address: 11162 Garden Grove Blvd, Garden Grove, CA 92843