About 1248 E 17th
Excellent opportunity to acquire a prime single-tenant Starbucks investment featuring a highly coveted drive-thru, located at a strategic signalized intersection in Santa Ana. The property consists of an approximately 2,115 SF building on an expansive 18,204 SF lot, offering an efficient site layout with ample parking. This passive investment is backed by a long-term Triple-Net (NNN) lease, providing predictable cash flow with minimal landlord responsibilities. The lease structure includes built-in rent escalations and multiple renewal options, ensuring consistent income growth and long-term tenancy. Ideally positioned for maximum visibility, the site benefits from its freeway-adjacent location, capturing heavy commuter and local traffic volume. Starbucks’ continued commitment to this site is further demonstrated by its long operating history and top-tier performance ranking, reinforcing the asset's overall stability. This offering presents a high-quality acquisition for investors seeking a nationally recognized credit tenant and long-term upside in a premier Southern California retail market. Ideal for 1031 Exchange buyers.
Features of 1248 E 17th
| MLS® # | PW26102989 |
|---|---|
| Price | $2,650,000 |
| Sold Price | $2,800,000 |
| Bathrooms | 0.00 |
| Lot Sqft | 18,204 |
| Acres | 0.42 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Closed |
Community Information
| Address | 1248 E 17th |
|---|---|
| Area | 699 - Not Defined |
| City | Santa Ana |
| County | Orange |
| Zip Code | 92701 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Flag Lot, Walkstreet |
|---|
Additional Information
| Date Listed | May 11th, 2026 |
|---|---|
| Date Sold | June 25th, 2026 |
| Days on Market | 13 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ji Jung Lee |
|---|---|
| Office | Coldwell Banker Best Realty |