1439 F St Oakdale, CA 95361-3502
- Commercial land
- 1,250 SF
- 0.45 lot acres
Apr 13, 2023
Current Use by Public Records
- Commercial land
Property Details for 1439 F St
- Year built
- 1948
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.45 lot acres
- Property size
- 1,250 SF
- Property type
- Commercial land
- APN
- 063-018-008-000
- APU
- 63018008000
Description
This exceptional investment opportunity presents a brand-new, 11,148-square-foot Starbucks located at 1439 W F St, Oakdale, CA 95361. Built in 2024, this drive-thru prototype building sits on a 0.45-acre lot and boasts a 10-year triple-net (NNN) lease with a credit-rated, corporate guarantor (Starbucks). The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $145,000, resulting in a 5.25% cap rate. This landlord-friendly lease structure features tenant responsibility for exterior maintenance. The strategic location on Highway 108, a major commercial thoroughfare, benefits from over 16,900 average daily traffic (ADT). Nearby businesses include Rite Aid, 7-Eleven, Circle K, Dollar General, Subway, Domino's, Huckleberry's, and various medical offices, with Oak Valley Hospital just a block away. This prime location near Oakdale High School further enhances its appeal. The property's exceptional build quality and strong tenant covenant make it an attractive investment for discerning buyers seeking a stable, high-performing asset. The asking price is $2,762,000.
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
- Oakdale
- County
- Stanislaus
- State
- California
- Longitude
- -120.864
- Latitude
- 37.7592
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
