Introducing an exceptional investment opportunity in El Cajon, California - STARBUCKS NN+ located at 2201 Fletcher Parkway, El Cajon, CA 92020. Priced at $4,700,000 with a 5.11% CAP rate and a solid $240,000 NOI, this property boasts a NEW 10-year ground lease with Starbucks Store #83384, a corporate lease guaranteed by the renowned coffeehouse giant. The lease includes 10% rent increases every five years, ensuring reliable income growth. Situated in a high-traffic area with approximately 30,000 cars passing daily, this corner, freestanding site offers prime visibility and access for sustained customer flow. Surrounded by established retailers and services, Starbucks benefits from strong retail synergy. This property is designed for long-term stability and value appreciation, making it an attractive opportunity for investors seeking a passive income stream with an iconic brand and a strong economic foundation.
Berkshire Hathaway HomeServices California Properties
| Date | Details | Change |
|---|---|---|
| Price Reduced from $4,800,000 to $4,700,000 |
Vince Cavataio, Berkshire Hathaway HomeServices California Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of March 26th, 2026 at 12:43am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.