2536 Highland Ave Highland, CA 92346
- Commercial real estate
- 0.51 lot acres
Current Use by Public Records
- Starbucks / Coffee Shop
Property Details for 2536 Highland Ave
- Year built
- 2024
- Lot size
- 0.51 lot acres
- Property type
- Commercial real estate
- APN
- 0285-742-18-0000
Description
This exceptional investment opportunity presents a newly constructed, 1,020-square-foot Starbucks located at 2536 Highland Ave, Highland, CA 92346. The property sits on a 0.51-acre lot and boasts a prominent location on the hard corner of Highland Avenue and Eucalyptus Drive, directly adjacent to the Highland Avenue exit of the 210 Freeway, experiencing over 115,000 cars per day. This single-tenant, NNN-leased property features a double drive-thru and walk-up window, ensuring optimal operational efficiency. The current lease commenced April 25th, 2024, and expires April 30th, 2034, with four 5-year renewal options, each including a 10% rent increase. The property generates a strong NOI of $186,619, representing a 5.00% cap rate on the $3,732,000 asking price. This location benefits from exceptional demographics, with over 217,000 people residing within a 5-mile radius. The area is experiencing significant growth, situated near major employers such as Yaamava' Resort & Casino (5,000+ employees), Patton State Hospital (2,380 employees), and Dignity Health St. Bernardine Medical Center (1,890+ employees), as well as high-traffic generators like the San Bernardino Soccer Complex. This is a rare opportunity to acquire a high-performing, corporate-backed asset in a thriving market. The property's APN is 0285-742-18-0000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- San Bernardino
- State
- California
- Longitude
- -117.23194022181
- Latitude
- 34.135782113106
