x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Starbucks & Matthews Mattress, Cameron Park, CA

Starbucks & Matthews Mattress

Price $3,790,000
Cap Rate 5.00% return
NOI $189,474
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2019
Building Size 6,408 SF (Starbucks: 2,474 SF; Matthews Mattress: 3,934 SF; Common Area: 192 SF - Not Included in Rent Roll)
Lot Size 0.91 acres (39,639 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
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

100% LEASED TWO-TENANT STARBUCKS DRIVE-THRU RETAIL CENTER
» Scheduled rental increases for both tenants, providing a hedge against inflation
» Starbucks relocated from parallel building within same center, illustrating a commitment to the location
» Leased to Starbucks Corporation—rated “BBB+” by Standard & Poor’s—for 10 years plus four (4) five-year options, with no early termination clause

HIGH-TRAFFIC LOCATION IN PROMINENT RETAIL CENTER WITH FREEWAY-VISIBLE SIGNAGE
» Located just off Cameron Park Drive, which experiences a traffic count of 23,346 vehicles per day
» Freeway-visible sign featuring Starbucks can be prominently seen from U.S. Highway 50 (66,700 vehicles per day), the region’s primary transportation corridor
» Anchored by Fork Lift by Nugget Markets, in center featuring major national tenants like DaVita, Applebee’s, and Pizza Guys
» Attracts customers from a significantly wide area, including Cameron Park and the neighboring communities of El Dorado Hills, Shingle Springs, and Placerville

NEAR MAJOR COMMUNITY AMENITIES AND TOURIST ATTRACTIONS
» Additional well-known retailers near the site include Safeway, McDonald’s, Quality Inn & Suites, Walgreens, Bel Air and Others
» Near Cameron Airpark, Cameron Park Country Club, and Ponderosa High School (1,818 students)
» Minutes from award-winning Red Hawk Casino

LOCATED IN AFFLUENT MARKET WITH STRONG DEMOGRAPHICS
» High average household income of $135,857 within a five-mile radius
» Average household incomes exceed $100,000 within one- and three-mile radii
» El Dorado County’s median household income is over 15% higher than the state average
» El Dorado County is among the wealthiest counties in California



Property Description

The property is conveniently located on Coach Lane, on the south side of the Cameron Park Drive (23,346 vehicles per day) exit. The site is just off U.S. Highway 50, the region’s primary transportation corridor, and has excellent access and visibility—including prominent, freeway-visible signage featuring Starbucks—to 66,700 vehicles per day. The site is anchored by Fork Lift by Nugget Markets and surrounded by DaVita and Applebee’s. Other notable tenants near the property include Safeway, Verizon, McDonald’s, Quality Inn & Suites, and Bank of America, among many others. The property sits in the primary shopping area to Cameron Park’s affluent residential neighborhoods. Average household incomes around the property greatly exceed $100,000, providing a strong customer base.

The property is situated in an area that attracts people from a significantly wide area, including Cameron Park and the neighboring communities of El Dorado Hills, Shingle Springs, and Placerville. The property is near Goldorado Center (Bel Air), Marshall Medical Center—with a wide variety of outpatient facilities at its Cameron Park complex, and Burke Junction Shopping Center—a western-themed town center. The property is also close to important community amenities like the Cameron Airpark and Ponderosa High School, which has a total enrollment of 1,818 students. And is near Cameron Park Country Club and Red Hawk Casino (<5 miles)—a major tourist attraction which features approximately 2,000 slot machines, 75 table games, a buffet, six restaurants, four bars, a gift shop, and a child care center. The casino has won many awards and has been voted “the best” over 100 times in numerous categories.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link