2500 White Lane

Strategically positioned at the signalized hard corner of White Lane and Hughes Lane, the property benefits from visibility to more than 35,000 vehicles per day and is located less than one mile from Highway 99, which carries approximately 104,000 vehicles per day. The site is situated within a dense retail corridor surrounded by national retailers, restaurants, schools, and residential communities. Additionally, the location ranks among the top-performing Starbucks stores in the Bakersfield market according to Placer.ai and serves a trade area supported by more than 282,000 residents within a five-mile radius, making it a compelling long-term net lease investment opportunity.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.