338 Main St, Ripon, CA 95366-2902
- Drive through restaurants
- 3,914 SF
- 0.29 lot acres
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 338 Main St
- Lot size
- 0.29 lot acres
- Property type
- Drive through restaurants
- APN
- 261-150-520-000
- APU
- 261150520000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 9, 2025 | — | Mrs C J Jutla Living Trust | Davinder K Jutla | Deed · related | — |
| May 15, 2025 | $2,750,000 | Davinder K Jutla | Gloria Fontanello | Grant Deed | $500k · Bank Of Stockton |
| Jun 7, 2018 | $2,748,500 | Gloria Fontanello | Chase Ripon Sbx LP | Grant Deed | — |
| Nov 15, 2017 | — | Chase Ripon Sbx LP | — | Deed · related | $2.1M · Freedom Financial Debt Fund I LP |
| Oct 17, 2017 | — | Chase Ripon Sbx LP | — | Deed · related | $153k · Vip Td |
| Oct 10, 2017 | $477,000 | Chase Ripon Sbx LP | Mangelos Brothers INC | Grant Deed | — |
| Jun 20, 2014 | — | Mangelos Brothers INC | Customers First Ents INC | Grant Deed | — |
| Jun 26, 2013 | $662,000 | Customers First Ents INC | Mangelos Brothers INC | Grant Deed | $662k · Mangelos Brothers INC |
| Jun 12, 2013 | — | Mangelos Brothers INC | Mangelos,john P | Quit Claim Deed · related | — |
| — | — | Chase Ripon Sbx LP | — | Deed Of Trust · related | $153k · Vip Td |
Description
This exceptional investment opportunity presents a 1,550-square-foot Starbucks drive-thru located at 338 E Main Street, Ripon, CA. Built in 2018, this property sits on a 0.36-acre lot and boasts a highly desirable location, fronting State Highway 99 with an average daily traffic count exceeding 119,000 vehicles. Easy freeway access ensures high visibility and convenient customer access. The property features a prominent 65-foot pylon sign and ample parking for ten cars. The current tenant, Starbucks, enjoys a strong financial position, with a robust lease in place. This lease includes a ten-year initial term plus four five-year options, each with a 10% rent increase upon exercise. The surrounding area demonstrates affluent demographics, with an average annual household income exceeding $115,000 within a three-mile radius. Furthermore, the property benefits from its proximity to various amenities, including private and public schools, government offices, Mistlin Sports Park, and Spring Creek Golf and Country Club. Ripon's strategic location provides easy access to major California freeways, with the San Francisco Bay Area 80 miles west and Sacramento 60 miles north. Stockton, home to the University of the Pacific, Stockton Metropolitan Airport, and the Port of Stockton, is conveniently located just 10 miles to the north. This property offers a compelling combination of a strong tenant, prime location, and a lucrative lease structure, making it an ideal addition to any investment portfolio. The asking price is $2,870,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,445,000
- ML approach
- $2,380,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,813,000
Market price range: $380k - $1.81M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ripon
- County
- San Joaquin
- State
- California
- Longitude
- -121.119
- Latitude
- 37.7391
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA
