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2500 White Ln
Bakersfield, CA 93304
Starbucks · Retail Property For Sale
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
$2,200,000
Price Per SF
$1,222.22
Cap Rate
5.50%
NOI
$121,000
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
Property Taxes
| Parcel Number | 405-010-70-00-7 | Improvements Assessment | $2,205,110 |
| Land Assessment | $377,187 | Total Assessment | $2,582,297 |
Property Taxes
Parcel Number
405-010-70-00-7
Land Assessment
$377,187
Improvements Assessment
$2,205,110
Total Assessment
$2,582,297
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