2701 N Grand Ave Santa Ana, CA 92705

This is a unique opportunity to acquire a fee simple interest in a single-tenant, freestanding, NNN leased, Starbucks drive-thru located in Santa Ana, CA. The tenant, Starbucks, has over 40,000 locations globally. The property consists of a corporate guarantee from Starbucks with 5 years of initial term remaining and 4 (5-year) options to extend. There is no earlier termination clause. The property features 10% rental increases every 5 years. The lease structure is NNN with property taxes, insurance, HVAC and common area expenses all passed through onto the tenant. The property is positioned on the hard corner of Grand Ave. and Fairhaven Ave., at the on/off ramps for the 22 Freeway, providing exposure to over 200,000 vehicles per day. The property is located on the “going to work side” of the avenue. The property benefits from dense infill demographics with over 265,600 residents, 175,600 daytime employees and average household incomes exceeding $121,000 within a 3-mile radius. The property is situated within 1.5 miles of Chapman University (9,900 annual students), 1.2 miles of CHOC Hospital (250,000 annual patients) and 1.2 miles from St. Joseph’s Hospital (over 82,000 annual patients). The building size is 1,612 square feet.