2500 White Lane

Investment Overview

Lee & Associates is pleased to present the opportunity to acquire the fee simple interest in a freestanding Starbucks drive-thru located at 2500 White Lane in Bakersfield, California. 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. Starbucks recently exercised its first five-year renewal option, extending the lease through February 2031 and demonstrating a continued commitment to the location. The double-net lease structure includes 10% rental increases every five years throughout the remaining option periods, providing attractive long-term income growth. Starbucks operates more than 40,000 locations worldwide and reported approximately $37.2 billion in revenue, reinforcing the strength of the tenant and the stability of the investment.