1702 Mission Ave Oceanside, CA 92058
Property Features for 1702 Mission Ave
General Information
- Property type
- Restaurants
- Square Feet
- 850 SF
- Class
- B
Building Details
- Year Built/Renovated
- 2016/2016
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Net Leased Real Properties Listing Agent: Brent Hensley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a single-tenant, 850-square-foot Starbucks located at 1702 Mission Ave, Oceanside, CA 92058. Built in 2016, this Class B property sits on a 14,356-square-foot lot at a signalized intersection, offering optimal visibility and accessibility. The property boasts a strong 100% occupancy rate with a Net Net (NN) lease in place, minimizing landlord responsibilities. The current lease, commencing June 24, 2016, and expiring June 23, 2026, features a remaining term of approximately 1.6 years. Rent increases are structured with an 11% bump every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $120,432, yielding a 4.30% cap rate. The asking price is $2,825,000, translating to a price per square foot of $3,323.52. This strategically located Starbucks benefits from high traffic volume due to its proximity to the Interstate 5 freeway and the Pacific Ocean, serving a substantial population within a 5-mile radius. The lease includes four five-year renewal options, each with an 11% rent increase, providing long-term stability and significant return on investment. The property is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-established, high-performing Starbucks in a desirable coastal location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Location Insight
- Map
- Local Demand
- City
- Oceanside
- County
- San Diego
- State
- California
- Longitude
- -117.36718341037
- Latitude
- 33.203020261189
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - High-yield Starbucks, prime Oceanside location.
Where is this restaurant located?
The property is located at 1702 Mission Ave Oceanside, CA.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: Single-tenant, 850 SF Starbucks in Oceanside, CA.; Strong 100% occupancy with a Net Net (NN) lease; approximately 1.6 years remaining on the current lease, expiring June 23, 2026.; Located at a signalized intersection with high visibility and accessibility, benefiting from proximity to I-5 and the Pacific Ocean.