S
RS Real Estate Partners has closed the sale of three Starbucks properties, totaling $10 million in value. The properties include two Southern California assets and one Northern California property, all featuring drive-thrus, new construction, and long-term corporate-guaranteed triple-net leases.

    "SRS's Capital Markets platform continues to find success with Starbucks-leased properties, despite high inventory levels in California and nationwide," said Alexander Moore, Vice President at SRS Capital Markets. "Starbucks assets appeal to single-tenant net lease investors due to their strong corporate credit, long-term leases, and high-traffic locations."

    SRS has been a leading brokerage for Starbucks property sales, transacting 39 properties worth over $126 million in the past year. The company's recent transactions include:

    * SWC Highway 111 & Date Palm Drive in Cathedral City, sold to a Northern California-based private investor for $3.7 million at a 5% cap rate.

    * 27425 Ynez Road in Temecula, sold to a California private investor for $3.6 million at a 5.25% cap rate.

    * 3045 Shasta View Drive in Redding, sold to a Northern California-based private investor for $2.67 million at a 5.25% cap rate.

    This year, SRS Capital Markets has completed over $1.2 billion in deal volume and has more than 845 properties actively on the market with a value exceeding $3.7 billion.

    About SRS Real Estate Partners

    Founded in 1986, SRS is a commercial real estate solutions provider offering retail, office, industrial, and healthcare services to tenants, owners, and investors. Headquartered in Dallas, SRS has grown into one of the industry's most respected leaders with 29 offices across the U.S.