MULTI-TENANT PAD | DRIVE-THRU SBUX | BAY AREA 1269 California Ave

6,000 SF 77% Leased Retail Building Pittsburg, CA 94565 $2,712,000 ($452/SF) 5.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • FIVE TENANT DRIVE-THRU STARBUCKS (NYSE: SBUX) INVESTMENT PROPERTY
  • STARBUCKS - TWENTY YEARS OF HISTORICAL OCCUPANCY AT LOCATION
  • SAN FRANCISCO / BAY AREA MSA – ONE OF THE TOP ECONOMIES IN THE UNITED STATES
  • STRATEGIC LOCATION ADJACENT TO MAJOR CA HIGHWAY (+/- 134,000 VPD) ON & OFF RAMP
  • SUBJECT PROPERTY LOCATED IN EAST BAY / SAN FRANCISCO SUBURB
  • LARGE FREESTANDING PARCEL WITH DRIVE-THRU

EXECUTIVE SUMMARY

Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest in a five-tenant, drive-thru Starbucks-anchored investment property in the city of Pittsburg, California. Starbucks, the largest coffee QSR brand in the world, has operated successfully at this Bay Area MSA location since 2003. The remaining tenant mix includes various daily needs and food uses, all complementary to the anchor tenant, Starbucks. This property has minimal landlord responsibilities, making it an ideal investment opportunity for passive investors. Additionally, there is a 1,400-square-foot end-cap vacancy, which presents a potential value-add scenario for an investor.
The freestanding parcel has exceptional frontage on California Avenue and unobstructed access to the prominent Bay Area/Central Valley traffic corridor, California Highway 4, which sees 134,000 vehicles per day. This highway connects major California cities and suburbs surrounding San Francisco, Oakland, Stockton, and more. There are over 144,900 residents within a 5-mile radius of the property and 65,500 daytime employees. This investment property offers a unique opportunity to acquire a drive-thru-anchored strip center in the affluent and densely populated San Francisco Bay Area MSA, the nation’s 4th largest economy.

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2003
Price
$2,712,000
Price Per SF
$452
Cap Rate
5.75%
NOI
$155,987
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
CS-O
Parking
28 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
135 FT on California Ave

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Jan 0000

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the Company is the premier roaster and retailer of specialty coffee in the world. Through their unwavering commitment to excellence and their guiding principles, they bring the unique Starbucks Experience to life for every customer through every cup.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services 99,999 SF $9.99 Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 104
  • 1,400 SF
  • Retail
  • End Cap
  • Now

±1400 SF endcap

Space Size Space Use Position Available
104 1,400 SF Retail End Cap Now

104

Size
1,400 SF
Space Use
Retail
Position
End Cap
Available
Now

NEARBY MAJOR RETAILERS

IHOP
Planet Fitness
Island Pacific Inc
Krispy Krunchy Chicken
Winco Foods
Chili's Grill & Bar

PROPERTY TAXES

  • Listing ID: 34507286

  • Date on Market: 1/16/2025

  • Last Updated:

  • Address: 1269 California Ave, Pittsburg, CA 94565