SRS Real Estate Partners Facilitates $10 Million Sale of Three Starbucks Properties in California

SRS Real Estate Partners has announced the closure of sales for three Starbucks properties in California, with the transactions amounting to a total of $10 million. The properties, located in both Southern and Northern California, feature drive-thrus, are newly constructed, and come with long-term, corporate-guaranteed triple-net leases. This sale underscores the robust demand for Starbucks-leased properties among single-tenant net lease investors, attracted by the combination of strong corporate credit, long-term leases, and prime locations.

Alexander Moore, a Vice President with SRS Capital Markets, noted the success of SRS's Capital Markets platform in facilitating these transactions amidst a high inventory of Starbucks properties on the market in California and nationwide. Over the past year, SRS has been instrumental in the sale of 39 Starbucks-occupied properties, with a cumulative value exceeding $126 million, further cementing its position as a leading brokerage in this niche.

The sold properties include a 1,900-sf asset at SWC Highway 111 & Date Palm Drive in Cathedral City, which was sold for $3.7 million, a 3,600-sf property at 27425 Ynez Road in Temecula, sold for $3.6 million, and a 2,055-sf location at 3045 Shasta View Drive in Redding, which fetched $2.67 million. Each property is strategically located in high-traffic areas, offering significant visibility and accessibility.

These sales are part of SRS Capital Markets' broader achievement of completing over $1.2 billion in deal volume this year, involving more than 350 transactions across the United States. With over 845 properties currently on the market valued at more than $3.7 billion, SRS continues to demonstrate its prowess in the commercial real estate sector. For more information on SRS Real Estate Partners, visit https://srsre.com.