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Starbucks 2500 White Ln 1,800 SF Retail Building Bakersfield, CA 93304 $2,200,000 ($1,222.22/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 Under Contract
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
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 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.
| 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 | $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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