11
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$4,799,995
Est. payment /mo
0.27 Acres Lot
New
2201 Fletcher Pkwy El Cajon, CA 92020
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Key Details
Property Type Commercial
Sub Type Commercial-Off/Rtl/Ind
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2600361
Year Built 2026
Lot Size 0.267 Acres
Property Sub-Type Commercial-Off/Rtl/Ind
Property Description
STARBUCKS | Ground Lease NN+ Investment Starbucks Store #83384 – 2201 Fletcher Parkway, El Cajon, CA 92020 Annual Net Income: $240,000 | 5% Cap | 10% increase Yr 5 Brand-new, corporate Starbucks located along one of San Diego County's most heavily traveled retail corridors, 30,000+ vehicles per day at a major signalized intersection. Built to Starbucks Corporation' newest prototype standards, this flagship location delivers maximum visibility, exceptional access, and long-term income security from one of the strongest credit tenants in the world. Secured by a 10-year NN+ lease with multiple renewal options, offering stable, predictable cash flow and a 10% rent increase after Year 5. Starbucks is responsible for taxes, insurance, and utilities, creating a hands-off, truly passive investment ideal for long-term holders and 1031 exchange buyers. Designed for future performance and operational efficiency, the site features a double drive-thru with a 14-car stack, a walk-up window prototype, and freeway-front visibility, one of the most advanced and high-volume designs Starbucks currently offers. The building also includes a 10-year builder roof warranty, adding another layer of investor confidence. This is a fully turnkey, institutional-quality asset with strong income, built-in rent growth, and an A+ credit tenant, positioned for long-term appreciation and durability through all market cycles. Secure. Passive. Recession-resistant. Ideal for 1031 buyers seeking safety, growth.
Location
State CA
County San Diego
Area East County
Zoning COMMERCIAL
Direction GPS
Interior
Heating Central Forced Air Gas
Cooling Central Forced Air Elec
Flooring Slab
Fireplace No
Exterior
Parking Features On Site
View Y/N No
Building
Lot Description Corner, Free Standing
Story 1
Others
Senior Community No
Tax ID 481-431-09-00
Acceptable Financing Cash, Cash to New Loan, Exchange Down, Exchange Up, Other/Remarks, Submit, Use Existing Lender
Listing Terms Cash, Cash to New Loan, Exchange Down, Exchange Up, Other/Remarks, Submit, Use Existing Lender
Listed by Vince Cavataio Berkshire Hathaway HomeServices California Properties
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