$2,200,000 USD
760-448-2449
2500 White Ln
Bakersfield, CA 93304
Wible Orchard
HIGHLIGHTS
- Strong Corporate Lease Guaranty from Starbucks Corporation (NASDAQ: SBUX) – Investment Grade Credit Rating of “BBB+” from Standard & Poor’s
- New 5-Year Lease Extension – Build-to-Suit Drive-Thru Location – 10% Rent Increases Every 5 Years
- High-Performing Starbucks Location – Ranked in the Top 17% for Customer Visits within the Bakersfield Market – Ranked in the Top 29% within the State
- Real Estate Advantage – Less than 1 Mile from Highway 99 On/Off Ramp at White Lane (104,000 CPD) – Signalized Hard-Corner Location
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$1,222 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.44 AC
LAND SF
19,166 SF
ZONING
C2
APN/PARCEL ID
405-010-70-00-7
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760-448-2449
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760-448-2449
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