788 Main St Willits, CA 95490-3914

This fee-simple offering presents a compelling passive investment opportunity: a brand-new, 2,773 square foot Starbucks with a drive-thru, situated on a 0.46-acre lot at 788 S Main St, Willits, CA 95490. The property boasts a new 10-year net lease (NNN) commencing October 1, 2024, with a strong corporate guarantee from Starbucks, the world's largest coffeehouse company. The lease includes a 10% rent increase every five years and five-year renewal options. The property underwent renovations in 2024 and currently generates a net operating income (NOI) of $170,000, representing a 5.35% cap rate on the asking price of $3,177,570. This highly visible corner location in Willits, known as "The Heart of Mendocino County" and "The Gateway to the Redwoods," benefits from its position at a signalized intersection of two major roadways. The property is 100% occupied and represents a limited-responsibility investment with significant long-term growth potential. This is a 1031 exchange eligible property.