1702 Mission Ave Oceanside, CA 92058

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.