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Starbucks, Dixon, CA

Starbucks

Price $3,059,000
Cap Rate
NOI
Lease Term 10 Years And Four Months
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2018
Building Size 2,200 SF
Lot Size 1.06 Acres (46,332 SF)
Status Sold
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
Cushman & Wakefield
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

CORPORATE NET LEASE TO HIGH-QUALITY, INVESTMENT GRADE, SINGLE-TENANT ASSET
» Leased to Starbucks Corporation for 10 years and four months, plus four five-year options
» 10% fixed rental increases every five years in initial term and options, providing a hedge against inflation
» Investment grade tenant, rated “BBB+” by Standard & Poor’s
» Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 29,000 locations and $24.7 billion in annual revenue

HARD-CORNER LOCATION AT SIGNALIZED FOUR-WAY INTERSECTION NEAR INTERSTATE 80
» Located at the intersection of North 1st Street and East Dorset Drive, with excellent visibility and access to 19,200 vehicles per day directly in front of the location
» Immediate access to Interstate 80 (130,200 AADT)
» Across the street from Dixon’s only Walmart Supercenter
» Surrounded by national retail brands such as Panda Express, Grocery Outlet (coming soon), Verizon (coming soon), Wendy’s, Jack in the Box, Papa Murphy’s, Popeye’s, Country Inn & Suites by Radisson, and more

CENTRAL LOCATION NEAR COMMUNITY ATTRACTIONS
» Minutes from U.C. Davis (39,400 students, 24,245 employees, $8.1 billion annual economic impact)
» Within three miles of Dixon High School (1,124 students), Tremont Elementary School (598 students), CA Jacobs Middle School (528 students), and Gretchen Higgins Elementary School (465 students)

2018 CONSTRUCTION
» Upgraded construction featuring a modern, yet rustic architectural theme
» Building has a unique aesthetic that differentiates itself from other Starbucks locations across the United States
» Features dedicated drive-thru, boosting sales revenue and catering to traffic on Interstate 80




Property Description

Sold
The property is located at the intersection of North 1st Street and East Dorset Drive, with excellent visibility and access to 19,200 vehicles per day directly in front of the location. The site also benefits from immediate access to Interstate 80, which experiences 130,200 AADT. The location resides in a growing retail corridor and is across the street from Dixon’s only Walmart Supercenter. Other major national retail brands in the surrounding area include Panda Express, Grocery Outlet (coming soon), Verizon (coming soon), Wendy’s, Jack in the Box, Les Schwab Tire Center, Papa Murphy’s, Popeye’s, Tractor Supply Company, Country Inn & Suites by Radisson, and more.

The property benefits from its proximity to the largest employer in Yolo County, U.C. Davis, which has 39,400 students, 24,245 employees, and generates $8.1 billion in annual economic impact. The site is within three miles of surrounding schools such as Dixon High School (1,124 students), Tremont Elementary School (598 students), CA Jacobs Middle School (528 students), and Gretchen Higgins Elementary School (465 students). The property is supported by an affluent customer base, with an average household income of $113,102 within a one-mile radius of the location.

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