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Starbucks & Wingstop 2411 Broadway

3,160 SF 100% Leased 4-Star Retail Building Eureka, CA 95501 $4,800,000 ($1,519/SF) 5% Cap Rate

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Investment Highlights

100% leased to Starbucks and Wingstop for 10 years plus several five year extension periods
10-year net lease to Starbucks - Investment-grade tenant, rated “BBB+” by Standard & Poor’s
The Dallas-based chicken chain, which passed $2 million in average unit volumes and had 28.7% same-store sales growth in the second quarter

10% fixed rental increases every five years in initial term and extension terms
10-year net lease to Wingstop (NASDAQ: “WING”) 2,352 locations open worldwide
Wingstop averages $2M+ in sales per 1,200 SF

Executive Summary

The property is strategically located on Broadway Street, a key thoroughfare in Eureka, CA, with excellent visibility and access to local traffic, providing convenient connectivity to the surrounding areas.
Situated in a vibrant retail corridor, the property is centrally positioned in the heart of Eureka’s commercial district. It is near major retail establishments and dining options, contributing to high foot traffic and visibility. Notable nearby tenants include Walmart Supercenter, Kohl’s, Winco, Costco, Safeway, CVS, and a variety of local shops and restaurants.
Humboldt State University, one of the region’s prominent educational institutions, is located approximately f ive miles from the property, with a student body of approximately 7,000.
The property is also close to the Humboldt Botanical Gardens and the scenic Humboldt Bay, which attract numerous visitors and contribute to the area’s appeal.
The site benefits from its proximity to major local attractions and community amenities. It is minutes away from Downtown Eureka, which features a range of shops, cultural attractions, and dining options. The location is also conveniently accessible from major highways and transportation routes serving the Humboldt County area.