Starbucks Drive-Thru Strip Center | 905 N MAIN ST
Starbucks-anchored strip center at 905 N Main Street in Bishop, California, offered at $2,770,000 at a 6.2% cap ($171,878 NOI). The 100% occupied, multi-tenant retail property is anchored by Starbucks on a long-term lease through February 2031, generating stable cash flow from a diversified tenant roster including food service, telecommunications, and personal services.
Built in 2005, the single-story, 6,419 SF building sits on a 32,723 SF (0.75-acre) C-1 parcel with 32 parking spaces along North Main Street (U.S. Highway 395), Bishop's primary retail corridor. All tenants operate under NNN or similar lease structures, minimizing landlord responsibilities while passing through operating expenses. Existing leases feature annual rent escalations of 2.0% to 2.5%, providing predictable organic growth. The property benefits from strong visibility and access serving both the local community and year-round tourist traffic traveling to Mammoth Lakes, Yosemite National Park, and the Eastern Sierra recreation corridor.
- 100% occupied with Starbucks anchor lease through February 2031
- All tenants on NNN or similar structures; minimal landlord duties
- Annual rent escalations of 2.0% to 2.5% built into leases
- Stabilized cash flow with $171,878 annual NOI
- Strategic location on U.S. 395 serving local and seasonal tourism demand
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This 100% leased Starbucks-anchored strip center presents a stabilized retail investment opportunity featuring strong in-place cash flow and long-term upside. Anchored by Starbucks, one of the world's most recognized and creditworthy retail brands, the property benefits from a long-term lease extending through February 2031, driving consistent customer traffic and enhancing tenant synergy throughout the center. The fully occupied property generates approximately $171,878 in annual NOI and is leased to a diversified mix of internet-resistant tenants offering daily-needs retail, food service, telecommunications, and personal services, creating a resilient and dependable income stream. All tenants operate under NNN or similar lease structures, allowing ownership to pass through most operating expenses while minimizing landlord responsibilities. Existing leases also feature annual rent escalations of approximately 2.0% to 2.5%, providing predictable organic NOI growth and protection against inflation. Strategically positioned along North Main Street (U.S. Highway 395), Bishop's primary retail corridor, the property enjoys outstanding visibility and access while serving both the local community and the substantial year-round tourist traffic traveling to Mammoth Lakes, Yosemite National Park, and the Eastern Sierra recreation corridor. Supported by a stable local customer base and consistent seasonal tourism, this offering combines durable cash flow, high occupancy, and exceptional long-term investment fundamentals.