1702 Mission Ave Oceanside, CA 92058
- Turn key restaurants
- 850 SF
- 0.38 lot acres
Current Use by Public Records
- Starbucks / Cafe / Coffee Store
Property Details for 1702 Mission Ave
- Year built
- 2016
- Lot size
- 0.38 lot acres
- Property size
- 850 SF
- Zone code
- COMMERCIAL
- Property type
- Turn key restaurants
- APN
- 148-160-32-00
- APU
- 1481603200
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oceanside
- County
- San Diego
- State
- California
- Longitude
- -117.367
- Latitude
- 33.2031
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
