Listing Summary
Lee & Associates is pleased to present the exclusive opportunity to acquire the fee-simple interest in a freestanding, corporate-backed Starbucks drive-thru located at a high-traffic intersection in Bakersfield, California.
Full Description
Corporate Starbucks Drive-Thru For Sale | Below Market Rent | Bakersfield, CA
Location: 2500 White Lane, Bakersfield, CA 93304
Offering Price: $2,200,000
Cap Rate: 5.50%
Net Operating Income (NOI): $121,000
Price Per SF: $1,222
Ownership: Fee Simple (Land & Building)
Ideal For: 1031 Exchange Investors
Investment & Asset Overview
Lee & Associates is pleased to present the exclusive opportunity to acquire the fee-simple interest in a freestanding, corporate-backed Starbucks drive-thru located at a high-traffic intersection in Bakersfield, California. Built in 2015 as a custom build-to-suit location, this asset features a 1,800 SF building equipped with a high-volume drive-thru lane, situated on a spacious 0.64-acre lot (27,780 SQFT).
The property is 100% occupied by Starbucks Corporation (NASDAQ: SBUX), an investment-grade tenant boasting an S&P credit rating of BBB+ and over 40,000 locations globally. Underscoring their exceptional performance and long-term commitment to this specific site, Starbucks recently exercised its first 5-year renewal option, extending the lease through February 28, 2031.
Operating under a landlord-favorable Double-Net (NN) lease structure, the agreement includes 10% rental increases every 5 years extending through the remaining three (3), 5-year renewal options. Positioned at an attractive below-market rent, this property offers a secure, defensive hedge against inflation and a highly stable income stream backed by one of the world's most recognizable brands.
Property & Lease Specifications
| Financial & Lease Metrics |
Details |
| Listing Brokerage |
Lee & Associates |
| Tenant / Guarantor |
Starbucks Corporation (Corporate Guarantee) |
| Credit Rating |
Investment Grade (S&P: BBB+) |
| Lease Type |
Double-Net (NN Lease) |
| Current Lease Term |
5 Years Remaining (Expiration: 02/28/2031) |
| Rental Increases |
10% Every 5 Years |
| Renewal Options |
Three (3) 5-Year Options Remaining |
| Year Built |
2015 (Excellent Physical Condition) |
| Broker Co-Op |
True / Available |
Investment Highlights & Performance Data
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Top-Tier Performance Rankings: According to Placer.ai data, this specific location ranks in the Top 17% of all Starbucks stores in the Bakersfield market and the Top 29% across the entire state of California, proving massive consumer demand.
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Strong Corporate Guarantee: Secure income backed by a global powerhouse generating over $37.2 Billion in annual revenue.
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Below Market Rent Upside: Provides a low basis and excellent intrinsic real estate value, protecting the investor's downside while offering long-term rent growth.
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Passive Income Growth: Built-in 10% contractual rent escalations provide an excellent hedge against inflation.
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High-Volume Traffic Corridor: Located at the signalized hard corner of White Lane and Hughes Lane, capturing over 35,000 vehicles per day (CPD).
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Unbeatable Highway Proximity: Situated less than one mile from the Highway 99 on/off ramps, a massive regional transit artery carrying over 104,000 vehicles per day.
Location & Demographic Breakdown
The subject property is strategically positioned within a dense, highly competitive retail corridor in south Bakersfield. The asset benefits from exceptional visibility, prominent monument signage, and multiple points of ingress/egress along both White Lane and Hughes Lane.
The immediate trade area is a thriving commercial eco-system, surrounded by major national retailers, high-density residential neighborhoods, and local schools that drive consistent day and nighttime traffic. The property serves an expansive and growing demographic base, with more than 282,000 residents living within a 5-mile radius, ensuring a permanent pool of consumers for this high-performing drive-thru asset.
Quick Glance
- Listing ID:
CL-California-27885
- Status:
Active
- Year Build:
2015
- Building Size:
1,800 SqFt
- Lot Size:
27,780 SqFt