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1702 Mission Ave Oceanside, CA 92058

Sponsored
For Sale
$2,825,000

High-yield Starbucks, prime Oceanside location.

Property size:
850 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
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 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

HighLights

  • 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.
  • High‑performing asset with a $120,432 NOI and a 4.30% cap rate; asking price: $2,825,000 ($3,323.52/SF).
  • Attractive demographics: over 167,683 people within a 5‑mile radius with an average household income of $90,670.
Property Profile Location Intelligence

Current Use by Public Records

Starbucks Internet Cafe

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Oceanside
County
San Diego
State
California
Longitude
-117.36718341037
Latitude
33.203020261189

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.
More about this property
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