Starbucks | El Cajon – NN+ Property

Presenting a brand-new Starbucks NN+ property for sale located at 2201 Fletcher Parkway, El Cajon, CA 92020. This high-profile asset offers investors a secure, long-term income opportunity backed by a corporate Starbucks guarantee.

The property features a 10-year primary lease term with four (4) additional 5-year options, each including 5% rent increases every 5 years. Investors benefit from a stable $240,000 annual NOI with a 4.36% cap rate on a list price of $5,504,587.

Built in 2025, the property consists of 1,411 SF with fee simple ownership (land & building). The NN+ lease structure requires the landlord to cover only roof and structure responsibilities, making this a low-maintenance investment.

Located in a dense retail corridor with 30,000+ cars passing daily and surrounded by high-income households, this Starbucks offers prime visibility, strong demographics, and reliable tenancy from one of the world’s most recognized brands.

This is an excellent opportunity to acquire a new construction, credit-tenant Starbucks in a thriving Southern California market.