Starbucks | Below Market Rent | S&P: BBB+- Bakersfield, CA

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

Investment Highlights & Performance Data

• 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.

• Strong Corporate Guarantee: Secure income backed by a global powerhouse generating over $37.2 Billion in annual revenue.

• 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.

• Passive Income Growth: Built-in 10% contractual rent escalations provide an excellent hedge against inflation.

• High-Volume Traffic Corridor: Located at the signalized hard corner of White Lane and Hughes Lane, capturing over 35,000 vehicles per day (CPD).

• 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.