Starbucks - Upland, CA

Key features

• Adjacent to Expanding College Campus - Located across from the The Claremont Colleges, a consortium of seven independent, higher-education institutions, with 8,000 students and 3,000 total faculty and staff. The Claremont Colleges include Pomona College, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, Claremont Graduate University, and Keck Graduate Institute. The College is building a new Roberts Campus Sports Bowl across the street, which is a massive outdoor athletic complex part of a 75-acre eastern campus expansion to be completed by 2027.
• Ideal Demographic - There are 2,641 multi-family housing units in a one-mile radius of the property. Located in an affluent, youthful community with a onemile average household income of $123,828 and an average age of 24 years old, which fits Starbucks perfect demographic profile.
• Limited Management Responsibilities - The tenant is responsible for all aspects of the property aside from roof and structure, which is Landlord responsibility. The building and roof are brand new, which provides a buyer with ease of management for the foreseeable future.
• Long-Term Income Stream with Contractual Rent Increases - A new 10-year lease with three 5-year options to extend provides an investor with a strong security of income. The lease features 10% increases every 5 years. Starbucks is scheduled to open November 2026.
• Strong Corporate Backed Lease - New 10-year lease backed by Starbucks, the largest coffeehouse chain in the world with over 40,900 locations worldwide. Starbucks benefits from significant global brand recognition, a large and loyal customer base, and an extensive store network.
• Synergistic Shopping Center Mix - Situated on a pad site with frontage on Arrow Route in a shopping center with a synergistic tenant line up including a 7-Eleven, Tesla Supercharger, several restaurants, dentistry office, barbershop, hair salon, and nail salon.