Building Details

Year Built 2001

Tenancy Multi

Listing Agency: Cushman & Wakefield Monterey

Listed By: Michael Schoeder · License #CA 00989268

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:21AM

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Investment Insights

Based on property information with market context.

This 3-tenant retail building is a component of Del Rey Oaks Stone Creek Village Shopping Center and is fully leased. The current tenants include a Wells Fargo Bank, a Starbucks, and Serenity Nails. The property is described as having been developed in 2001, with Wells Fargo and Starbucks both operating successfully at the site during their current terms.

The shopping center is positioned on Highway 68, which connects Salinas and the Monterey Peninsula, and is described as highly trafficked. The center also includes other uses in the broader complex, including a 7-Eleven fueling station and mini-mart, and a Jack-in-the-Box with drive-thru, both noted as under common ownership (with separate NAP).

Wells Fargo’s lease runs until 2026 and includes two 5-year FMV renewal options that would extend its term to 2036. Starbucks’ current term extends to September 2026, and the property description also notes additional set-rate renewal options that would extend the Starbucks term to 2041. Annual rental increases are indicated during Wells Fargo’s current term.

Key Highlights

• 3‑tenant retail building in Del Rey Oaks Stone Creek Village Shopping Center leased to Wells Fargo Bank, Starbucks, and Serenity Nails
• Starbucks lease extends to September 2026, with four 5‑year options; the current first option was exercised two years early
• Starbucks has three additional set‑rate renewal options that would extend its term to 2041

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Dental Office Furniture & Home Goods Grocery & Convenience Store Nail Salon Catering Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

527

Businesses Nearby

Explore this area Business Placement

Demographics for 93940, CA

30,454

Population

15,451

Households

2

Avg Household Size

43

Median Age

54%

College-Educated

94%

High-School Grad

35.1 sq mi

ZIP Area

868

Density / Sq Mi

$110,669

Median Household Income

$62,711

Median Earnings

$2,305

Median Rent

$1,039,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Three leased retail spaces include a Wells Fargo bank, Starbucks, and Serenity Nails.

Where is this bank located?

The property is located at 441-447 Canyon Del Rey Blvd Del Rey Oaks, CA.

What are key features of this property?

This property features: 3‑tenant retail building in Del Rey Oaks Stone Creek Village Shopping Center leased to Wells Fargo Bank, Starbucks, and Serenity Nails; Starbucks lease extends to September 2026, with four 5‑year options; the current first option was exercised two years early; Starbucks has three additional set‑rate renewal options that would extend its term to 2041