REBusinessOnline

Calbay Development Sells Starbucks-Occupied Building in Fullerton for $6.2M

1101-S-Harbor-Blvd-Fullerton-CA.

Starbucks signed a 20-year lease to occupy a newly constructed 3,000-square-foot restaurant building at 1101 S. Harbor Blvd. in Fullerton, Calif.

FULLERTON, CALIF. — Calbay Development has completed the disposition of a single-tenant restaurant building located at 1101 S. Harbor Blvd. in Fullerton. A Los Angeles-based high-net-worth buyer acquired the property for $6.2 million, or $2,067 per square foot.

Constructed in 2020, the 3,000-square-foot property has a fully entitled drive-thru. Starbucks Coffee occupies the building and recently signed a 20-year, absolute, triple-net ground lease with no termination rights for the asset.

Adam Friedlander of JLL Retail Capital Markets represented the seller in the deal.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties