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2/02/26
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A 2.2k sf, newly constructed, single-tenant Starbucks café and drive-thru in Perris, CA sold for $4.8 mil ($2,181/sf). The buyer was a private investor from Newport Beach.
The Starbucks is ideally located in one of the strongest Starbucks trade areas in the United States. It is one mile from a top 1% Starbucks location nationally, according to Placer.ai, and nine of the 20 Starbucks stores within a 10-mile radius rank within the top 20% nationwide. The property is positioned to become a top-performing location, benefiting from overflow demand from nearby high-volume stores and increasing daytime population growth in the immediate area.
The building, situated on a 0.75-acre parcel at 3939 Ramona Expwy, is located at the signalized hard-corner intersection of Ramona Expwy and Webster Ave. The new 2025 construction Starbucks features a corporate 10-year triple-net lease with 10% rental increases every five years during the primary term and each of the four five-year options. The building includes a double drive-thru and represents the newest Starbucks prototype.
The Starbucks is part of the Perris Gateway Commerce Center, a new mixed use and logistics development that will include 950k sf of modern logistics facilities and a 37k sf commercial center anchored by national retailers such as Taco Bell, Panda Express, Sonic, Shell and Ono Hawaiian BBQ. The project is expected to create nearly 2,000 new jobs, further increasing daytime population and reinforcing the long term strength of the location.
Bill Asher and Jeff Lefko with Hanley Investment Group Real Estate Advisors represented the seller and developer, Yellow Rose Ranch LLC, an affiliate of The Lynch Group of El Segundo. The buyer was repped by Betty Gulezyan of I.D.L. Home in Newport Beach.
“We procured a 1031 exchange buyer based in Orange County, secured the buyer within the first two weeks of formally marketing the property and achieved a sale at 97% of the list price,” said Asher. “The sale represents one of the highest annual rents ever recorded for a Starbucks café drive-thru in Riverside and San Bernardino counties, as well as the all-time highest price per square foot sale of a single-tenant Starbucks café drive-thru with an initial 10-year lease term in the Inland Empire.”
The property is ideally located in the heart of a major, rapidly growing distribution and logistics hub, surrounded by more than 46 msf of existing distribution center space and an additional 13 msf planned or under construction. The region is home to established national distribution facilities operated by Amazon, The Home Depot, Lowe’s, General Mills, O’Reilly Auto Parts, Procter & Gamble, Skechers, Ross Dress for Less, Wayfair and Walgreens, collectively generating substantial daytime population and sustained demand for daily goods and services throughout the trade area.
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