Description

37408 Avenue 12 is a Starbucks drive-thru retail property for sale in Madera, CA, within the Madera Ranchos submarket. Built in 2025, the 2,364 SF property is fully occupied under a corporate lease, giving investors an established income stream.

The building sits on 0.95 acres with 23 parking spaces and a parking ratio of 9.73 per 1,000 SF. Its drive-thru format gives Starbucks a way to serve customers beyond the storefront. The lease has a 15-year initial term, with 10% rent increases every five years during that term and three, 5-year options. Those scheduled increases give buyers a defined income path under an NNN lease rather than a leasing plan for vacant space.

Along Avenue 12, the property faces 14,426 AADT and sits beside the newly opened Camarena Health center, across from established retail. Chevron, O’Reilly Auto Parts and NAPA Auto Parts are among the businesses on this commercial corridor. A signalized intersection at Avenue 12 and Jason Court/Fernwood Drive supports access to the surrounding development, while connections to Highways 41 and 99 extend the location’s reach beyond Madera Ranchos.

The asking price is $3,552,000, or $1,502.54 PSF. In-place NOI of $172,272 supports a 4.85% in-place cap rate, and the 14.3 years of WALT gives an income-focused buyer a long remaining lease horizon. The combination of current income, scheduled rent increases and a purpose-built drive-thru defines the investment case. Review the Offering Memorandum in the Offering Materials for the next step.