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 totaling $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 interest in Starbucks-leased properties among investors, attributed to their strong corporate credit, long-term lease agreements, and high-traffic locations that ensure consistent sales performance.

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 nationally. Over the past year, SRS has been instrumental in the sale of 39 Starbucks-occupied properties nationwide, with a combined value exceeding $126 million, further cementing its position as a leading brokerage in this sector.

The sold properties include a 1,900-square-foot location at the SWC Highway 111 & Date Palm Drive in Cathedral City, which was sold for $3.7 million at a 5% cap rate. Another property at 27425 Ynez Road in Temecula, a 3,600-square-foot site, was sold for $3.6 million at a 5.25% cap rate. The third property, located at 3045 Shasta View Drive in Redding, was sold for $2.67 million at a 5.25% cap rate. Each of these properties is strategically located in high-traffic areas, enhancing their appeal to investors seeking stable, long-term returns.

This year, SRS Capital Markets has achieved over $1.2 billion in deal volume, comprising 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 significant impact on the commercial real estate sector. For more information on SRS Real Estate Partners and their services, visit https://srsre.com.