JLL is pleased to offer for sale the fee simple interest in a newly-built Starbucks drive-thru (the “Property” or “Asset”) located in Ontario, California. The Property will be leased to Starbucks Corporation (“Starbucks”), the largest specialty coffee retailer in the world with over 32,000 locations and annual revenues of $26.5 billion. Starbucks will operate on a double-net lease structure that features ten years of primary lease term, ten percent rental increases every five years, and four five-year renewal options. This offering presents the opportunity to acquire a newly constructed, drive-thru asset located on the best intrinsic real estate in the country and leased to an investment-grade, industry-leading tenant with minimal landlord responsibilities.
- 10-year lease in a brand new building (completed 4/2021) with minimal landlord responsibilities
- Full-service drive-thru adjacent to Ontario Town Square and a Community College Development
- Hard corner on Euclid Ave with maximum exposure to 35,000 VPD in a well-established and rapidly growing city
- Leased to Starbucks (S&P: BBB+), the world's largest specialty coffee retailer