
Recently Delivered Starbucks in Fullerton Sold
Calbay Development, LLC, a Manhattan Beach-based retail development company, divested a single-tenant retail building in Fullerton. An unnamed private, high-net-worth buyer based in Los Angeles purchased the 3,000-square-foot asset for $6.2 million, which works out to $2,067-per-square-foot.
Constructed in 2020, the property has a fully entitled drive-through and is occupied by Starbucks Corporation, an investment-grade tenant. Starbucks recently signed a rare, 20-year, absolute, triple-net ground lease with no termination rights, showing its commitment to the property.
Situated on 0.92 acres at 1101 S. Harbor Blvd., the building occupies a prime corner location with high visibility to more than 75,700 vehicles per day. The building is near downtown Fullerton within a major retail corridor with direct access to the 91 Freeway and across South Harbor Boulevard from a Costco-anchored neighborhood shopping center.
JLL’s Adam Friedlander marketed the property on behalf of the property developer, Calbay.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition