4316 Green River Rd Corona, CA 92880
- Retail properties
- 965 SF
- 0.39 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4316 Green River Rd
- Year built
- 2024
- Lot size
- 0.39 lot acres
- Property size
- 965 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: a brand-new, 965-square-foot Starbucks located at 4316 Green River Rd, Corona, CA 92880. This property boasts a 10-year net lease with a corporate guarantee from Starbucks (NASDAQ: SBUX), commencing May 29, 2024, and expiring May 30, 2034. The lease includes a 4.75% cap rate and a substantial annual net operating income (NOI) of $130,000. Rent increases by 10% every five years, ensuring strong future returns. Built in 2024, this single-tenant property features a drive-thru and benefits from high visibility and accessibility along a major freeway with over 279,000 cars daily. The 0.39-acre lot is situated in a thriving community with a population exceeding 160,000 and an average household income exceeding $130,000 within a 5-mile radius. The asking price is $2,737,000, representing a price per square foot of $2,836.27. The lease includes four, five-year renewal options, providing long-term stability and growth potential. This is a rare opportunity to acquire a high-performing, passively managed investment with a blue-chip tenant in a prime location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Riverside
- State
- California
- Longitude
- -117.649
- Latitude
- 33.8787
