Rare Southern California Beach Community Investment

• The subject property is ideally located in the San Diego Beach community of Pacific Beach and is one of only a few drive thru properties located along Garnet Avenue.

Corporately Guaranteed Long-Term Lease 

• The lease is guaranteed by Starbucks Corp., an investment grade tenant rated “A-” by Standard & Poors.
• There are 9 years left on the current option period

 Well Located on Major Thoroughfare with High Pedestrian and Traffic Counts

• The property benefits from its location along Garnet Avenue, the major thoroughfare through Pacific Beach.
• Ideally located among a number of national restaurants and retailers. Located just 6 blocks from the beach, the property benefits from high pedestrian traffic throughout the year.

Newly Renewed Lease

• Last year, Starbucks exercised a 10-year option even though they were only obligated to a 5-year options, showing their dedication to the site.

Recent Remodel

• Upon exercising the above mentioned lease extension, Starbucks remodeled the subject property at their expense showing further long term dedication to this location.

 Strong Demographics

• Starbucks benefits from the densely populated Pacific Beach with nearly 275,000 people in the 5-mile radius.
• High Average Household Incomes of $90,799, ideal demographics for Starbucks.