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Starbucks 2500 White Ln 1,800 SF Retail Building Bakersfield, CA 93304 $3,101,648 CAD ($1,723.14 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Strong Corporate Lease Guaranty from Starbucks Corporation (NASDAQ: SBUX) – Investment Grade Credit Rating of “BBB+” from Standard & Poor’s
- High-Performing Starbucks Location – Ranked in the Top 17% for Customer Visits within the Bakersfield Market – Ranked in the Top 29% within the State
- New 5-Year Lease Extension – Build-to-Suit Drive-Thru Location – 10% Rent Increases Every 5 Years
- Real Estate Advantage – Less than 1 Mile from Highway 99 On/Off Ramp at White Lane (104,000 CPD) – Signalized Hard-Corner Location
Executive Summary
The property consists of an approximately 1,800 square foot building situated on 0.44 acres and is leased to Starbucks Corporation, an investment grade tenant (NASDAQ: SBUX; S&P: BBB+). Built in 2015 as a build-to-suit location for Starbucks, the asset benefits from strong brand recognition, corporate backing, and a proven operating history at the site.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,800 SF
Year Built
2016
Price
$3,101,648 CAD
Price Per SF
$1,723.14 CAD
Cap Rate
5.50%
NOI
$170,591 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.44 AC
Zoning
C2
Frontage
297’ on Hughes Ln & White Ln
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 405-010-70-00-7 | Improvements Assessment | $3,108,852 CAD |
| Land Assessment | $531,773 CAD | Total Assessment | $3,640,626 CAD |
Property Taxes
Parcel Number
405-010-70-00-7
Land Assessment
$531,773 CAD
Improvements Assessment
$3,108,852 CAD
Total Assessment
$3,640,626 CAD
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Starbucks | 2500 White Ln
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