SRS Real Estate Partners Completes $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. These 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 continued interest in Starbucks-leased properties among investors, attributed to their strong corporate credit, long-term lease agreements, and prime locations that ensure consistent customer traffic.

According to Alexander Moore, a Vice President with SRS Capital Markets, the current market sees a high inventory of Starbucks properties both in California and nationally, yet SRS's Capital Markets platform has managed to secure successful deals. Over the past year, SRS has been involved in the transaction of 39 Starbucks-occupied properties nationwide, with a combined value exceeding $126 million, demonstrating their expertise and leadership in this niche market.

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, a 3,600-square-foot property on 27425 Ynez Road in Temecula, sold for $3.6 million, and a 2,055-square-foot site at 3045 Shasta View Drive in Redding, which fetched $2.67 million. Each of these properties is strategically located in high-traffic areas, further enhancing their appeal to investors.

This year, SRS Capital Markets has achieved a significant milestone by completing over $1.2 billion in deal volume, 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 solidify its position as a leading brokerage in the commercial real estate sector. For more information on SRS Real Estate Partners and their services, visit https://srsre.com.