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    Santa Ana Starbucks Investment Opportunity Title is generated by Realmo AI

    1248 E 17th, Santa Ana, CA 92701

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    For Sale
    $2,650,000

    Single-tenant Starbucks with drive-thru on a large lot.

    Type:Commercial
    Property size:
    2,115 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $1,252/SF
    Added:
    May 12, 2026
    Days on Market:
    18
    Last Refresh:
    May 12 at 3:07 pm

    Property Features for 1248 E 17th

    General Information

    Standard status
    Active
    Size
    2,115 SF
    Lot size
    0.42 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Ji Jung Lee

    Listing agent Ji Jung Lee License #01305455

    Listing office Coldwell Banker Best Realty

    Listing date May 12, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Best Realty

    HighLights

    • Long‑term Triple‑Net (NNN) lease with built‑in rent escalations and multiple renewal options.
    • Single‑tenant Starbucks investment with a drive‑thru, backed by a nationally recognized credit tenant.
    • Strategic location at a signalized intersection with freeway adjacency providing maximum visibility and high traffic volume.
    • Starbucks' long operating history and top‑tier performance ranking at this location.
    • 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 property presents an opportunity to acquire a single-tenant Starbucks investment, complete with a drive-thru, situated at a signalized intersection in Santa Ana. The building encompasses approximately 2,115 square feet and is positioned on an 18,204-square-foot lot, featuring an efficient layout and ample parking. The property is under a long-term Triple-Net (NNN) lease, designed to provide consistent cash flow with minimal landlord responsibilities. The lease agreement incorporates built-in rent escalations and multiple renewal options, supporting income growth and long-term tenancy. The location benefits from high visibility due to its proximity to the freeway, capturing significant commuter and local traffic. Starbucks' commitment to this location is demonstrated by its long operating history and performance ranking, contributing to the asset's stability. The location has a bike score of 58, indicating it is bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 52, indicating good transit options. This offering is suited for investors seeking a nationally recognized credit tenant and long-term potential in a Southern California retail market and is ideal for 1031 Exchange buyers.
    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

    • Starbucks — 1330 17th St, Santa Ana, CA 92705
    • The Vogel Victorian — 621 N Spurgeon St, Santa Ana, CA 92701
    • Bored & Thirsty — 730 Poinsettia St N B, Santa Ana, CA 92701
    • Jamba — 1302 17th St Ste. B, Santa Ana, CA 92705
    • Coffe-antigua — 726 N Parkcenter Dr, 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?
    Coffee shop - Single-tenant Starbucks with drive-thru on a large lot.
    Where is this coffee shop 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 Triple‑Net (NNN) lease with built‑in rent escalations and multiple renewal options.; Single‑tenant Starbucks investment with a drive‑thru, backed by a nationally recognized credit tenant.; Strategic location at a signalized intersection with freeway adjacency providing maximum visibility and high 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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