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    Starbucks NNN Investment Opportunity Title is generated by Realmo AI

    1248 E 17th, Santa Ana, CA 92701

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    For Sale
    $2,650,000

    Commercial Sale - Santa Ana, CA

    Property size:
    2,115 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $1,252/SF
    Added:
    May 12, 2026
    Days on Market:
    1
    Last Refresh:
    May 12 at 1:06 pm

    Property Features for 1248 E 17th

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    39807171
    Size
    2,115 SF
    Lot size
    0.42 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ji Jung Lee

    Listing agent Ji Jung Lee License #01305455

    Listing office Coldwell Banker Best Realty 4130 W. Commonwealth Ave., Fullerton, CA

    Listing date May 12, 2026

    MLS# PW26102989 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Long‑term NNN lease with built‑in rent escalations and multiple renewal options, ensuring predictable cash flow.
    • Prime single‑tenant Starbucks investment with a highly coveted drive‑thru.
    • Strategic location at a signalized intersection with freeway adjacency, providing maximum visibility and heavy traffic volume.
    • Starbucks' long operating history and top‑tier performance ranking demonstrate commitment and asset stability.
    • Expansive 18,204 SF lot with ample parking and an efficient site layout.
    • Located in a premier Southern California retail market, ideal for 1031 Exchange buyers.

    Overview

    This commercial property in Santa Ana, California, presents an opportunity to acquire a single-tenant Starbucks investment. The property features a drive-thru and is situated at a signalized intersection. The building is approximately 2,115 square feet and sits on an 18,204 square foot lot, with an efficient site layout and ample parking. The property is operating under a long-term Triple-Net (NNN) lease, providing predictable cash flow with minimal landlord responsibilities. The lease includes built-in rent escalations and multiple renewal options. The site benefits from its freeway-adjacent location, capturing commuter and local traffic. Starbucks has a long operating history at this location. This property is suited for investors seeking a nationally recognized credit tenant and long-term upside in a Southern California retail market and is ideal for 1031 Exchange buyers. The property is suitable for grocery and convenience stores, retail spaces, coffee shops, restaurants, NNN properties, specialty properties, and commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Target Grocery — 1330 17th St, Santa Ana, CA 92705
    • Albertsons — 2000 17th St, Santa Ana, CA 92705

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8528323
    Latitude
    33.7596027

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    FAQs

    What type of property is this?
    Grocery and convenience store - Single-tenant Starbucks with drive-thru in Santa Ana, CA.
    Where is this grocery and convenience store located?
    The property is located at 1248 E 17th Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Long‑term NNN lease with built‑in rent escalations and multiple renewal options, ensuring predictable cash flow.; Prime single‑tenant Starbucks investment with a highly coveted drive‑thru.; Strategic location at a signalized intersection with freeway adjacency, providing maximum visibility and heavy traffic volume.
    (562) 882-8949
    We can help!
    Listing Contact
    Ji Jung Lee
    Real Estate License ID: 01305455
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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