STARBUCKS Ground Lease NN+ Investment Starbucks Store #83384 - 2201 Fletcher Parkway, El Cajon, CA 92020 Annual Net Income: $240,000 5% Cap 10% increase Yr 5 Brand-new, corporate Starbucks located along one of San Diego County's most heavily traveled retail corridors, 30,000+ vehicles per day at a major signalized intersection. Built to Starbucks Corporation' newest prototype standards, this flagship location delivers maximum visibility, exceptional access, and long-term income security from one of the strongest credit tenants in the world. Secured by a 10-year NN+ lease with multiple renewal options, offering stable, predictable cash flow and a 10% rent increase after Year 5. Starbucks is responsible for taxes, insurance, and utilities, creating a hands-off, truly passive investment ideal for long-term holders and 1031 exchange buyers. Designed for future performance and operational efficiency, the site features a double drive-thru with a 14-car stack, a walk-up window prototype, and freeway-front visibility, one of the most advanced and high-volume designs Starbucks currently offers. The building also includes a 10-year builder roof warranty, adding another layer of investor confidence. This is a fully turnkey, institutional-quality asset with strong income, built-in rent growth, and an A+ credit tenant, positioned for long-term appreciation and durability through all market cycles. Secure. Passive. Recession-resistant. Ideal for 1031 buyers seeking safety, growth.