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2410 Mahogany Way
Antioch, CA 94509
Starbucks - Rare 20-Year Ground Lease · Retail Property For Sale


Investment Highlights
- 20-Year Lease – New long-term lease with multiple renewal options
- Brand-New Starbucks – BTS drive-thru prototype construction
- High-Traffic Location – Frontage on Hwy 4 (~165K VPD)
- Absolute NNN Ground Lease – Zero landlord responsibilities
- 10% Rent Increases – Every 5 years for strong NOI growth
Executive Summary
Brand-new construction Starbucks featuring a rare 20-year absolute NNN ground lease, offering investors a truly passive, long-term income stream backed by an investment-grade (BBB+) corporate guarantee. Strategically located along a high-traffic retail corridor with strong visibility and access, the property benefits from exceptional surrounding retail synergy and dense suburban growth. The drive-thru equipped store is built to Starbucks’ latest prototype, designed to capture consistent daily consumer demand and maximize throughput. With 10% rent increases every five years and zero landlord responsibilities, this asset provides durable cash flow, inflation hedge, and long-term appreciation potential in one of the nation’s most sought-after net lease investments.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,485 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,510,638
Price Per SF
$1,412.73
Cap Rate
4.70%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 074-370-024-7 | Improvements Assessment | $0 |
| Land Assessment | $2,496,960 | Total Assessment | $2,496,960 |
Property Taxes
Parcel Number
074-370-024-7
Land Assessment
$2,496,960
Improvements Assessment
$0
Total Assessment
$2,496,960
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