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Starbucks, Galt, CA

Starbucks

Price $2,475,000
Cap Rate 4.00% return
NOI $99,000
Lease Term 10 years
Lease Type Net, with Tenant Responsible for Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built Q4 2018
Building Size 2,200 SF
Lot Size 0.33 acres (14,287 SF)
Status Available
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

HIGH-QUALITY, INVESTMENT GRADE SINGLE-TENANT ASSET
» Leased to Starbucks Corporation for ten years plus four five-year options
» Scheduled rental increases every five years in initial term and option periods
» Starbucks is an investment grade tenant, rated “BBB+” by Standard & Poor’s

HIGH-TRAFFIC LOCATION WITH FREEWAY VISIBILITY ALONG MAJOR COMMUTER CORRIDOR
» Strategically located immediately off of Highway 99—the busy freeway connecting Galt to both Sacramento and Stockton—with excellent visibility and access to 80,300 vehicles per day on Highway 99
» Access and visibility to an additional 13,050 vehicles per day on Twin Cities Road, which provides access to another major transportation corridor: nearby Interstate 5
» Located in the high-growth northeast area of Galt, the property offers a regional draw within southern Sacramento County and northern San Joaquin County and is perfectly located to capture commuter traffic between Stockton and Sacramento along Highway 99
» 90-foot pylon sign with direct visibility from the freeway in both directions

PROMINENT LOCATION IN DENSE RETAIL AREA
» Directly adjacent to Galt Village, a 17-acre shopping center anchored by Raley’s and featuring national retailers like O’Reilly Auto Parts, Verizon, KFC, and Comfort Inn & Suites
» Next to new ARCO gas station and convenience store
» Other notable retailers in the surrounding area include a new Walmart Supercenter, along with well-known brands like McDonald’s, Tractor Supply, Rite Aid, Anytime Fitness, and Jiffy Lube

STRONG LOCAL CUSTOMER BASE WITH ROBUST DEMOGRAPHICS
» Surrounded by schools, notable employers, and growing residential neighborhoods
» High average household incomes exceeding $80,000 within one-, three-, and fivemile radii



Property Description

The property is strategically located immediately off of Highway 99—the busy freeway connecting Galt to both Sacramento and Stockton—with excellent visibility and access to 80,300 vehicles per day on Highway 99 and 13,050 vehicles per day on Twin Cities Road, which provides access to another major transportation corridor: nearby Interstate 5. The property is directly adjacent to Galt Village, a 17-acre shopping center anchored by Raley’s and featuring national retailers like O’Reilly Auto Parts, Verizon, KFC, and Comfort Inn & Suites. Other notable retailers in the surrounding area include a new Walmart Supercenter, along with well-known brands like McDonald’s, Tractor Supply, Rite Aid, Anytime Fitness, and Jiffy Lube.

Located in the high-growth northeast area of Galt, the property offers a regional draw within southern Sacramento County and northern San Joaquin County and is perfectly located to capture commuter traffic between Stockton and Sacramento along Highway 99. Additionally, the property is surrounded by schools, notable employers, and growing residential neighborhoods, providing a strong customer base for Starbucks.

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