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1204 Whitley Ave
Corcoran, CA 93212

$3,270,000 USD

Fast Food For Sale  •  2,000 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,000 SF
• Lot Size 0.41 AC
• Building Class B
• Year Built 2023
• Cap Rate 5.15 %
• Tenancy Single

0 Transit Score

78 Walk Score

Highlights

Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru & Cafe: New 10-year Lease; 10% increases every 5 years

Extremely Limited Competition: Next closest Starbucks location is over 15 miles away and this is the only Starbucks location in the City of Corcoran

Favorable Drive-Thru & Cafe Format: Approximately 60%-70% of all business for quick service restaurants come through a drive-thru

Ideally Situated Along Whitley Avenue, Corcoran’s Major Commercial and Retail Corridor

Corcoran is Home to J.G. Boswell Company; One of the Largest Irrigated Farming Operations in the World

California High-Speed Rail Runs Through Corcoran: The $100 Billion project will connect Merced to Bakersfield (330,000 jobs)

Cap Rate:

5.15 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Corcoran (San Joaquins - Amtrak)	1 min	6 min	0.3 mi