Skip to main content

Restaurant

Starbucks

470 Lake Park Ave, Oakland, CA 94610

Listing Price: $3,700,000

Cap Rate
4.00%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
9.7
Gross SF
1,600
Guarantor
Corporate Guarantee
Rentable SF
1,600
Price/Gross SF
$2,312.50
Lease Type
Double Net
Rent Per Square Feet
$92.50

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Known locally as “The East Bay,” Oakland is the eighth-most populous city in California, the largest city in the East Bay region of the San Francisco Bay Area, and the third-largest city overall in the San Francisco Bay Area. The county seat of Alameda County, Oakland is home to over 433,000 residents. Oakland is a major West Coast port and serves as a trade center for the San Francisco Bay Area. The Port of Oakland represents $41 billion worth of international trade. Several major employers have operations in the city, including Southwest Airlines, Kaiser Permanente, Whole Foods Market, and Target.

Investment Highlights

  • Brand New 10-Year Corporate Lease with Starbucks
  • 10 Percent Rental Increases Every Five Years
  • Dense Oakland Location in the San Francisco Bay Area - 542,343 Residents within a Five-Mile Radius
  • Property Has Nine On-Site Parking Spaces - RARE for the Oakland/San Francisco Bay Area
  • Fully Renovated Interior and Exterior in December 2020
  • Located Immediately Off the Highly Trafficked I-580 (Over 217,000 Cars Per Day)
  • Situated in the Grand Lake Neighborhood in the Heart of One of Oakland's Most Visited Commercial and Retail Hubs
  • Affluent Trade Area - Average Household Income Exceeds $129,000 in One Mile

Exclusively Listed By

Broker of Record

  • David C. Nelson

    Regional Manager

    (510) 379-1200

    License(s) CA: 01716942

    California

Listing Price: $3,700,000

Cap Rate
4.00%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
9.7
Gross SF
1,600
Guarantor
Corporate Guarantee
Rentable SF
1,600
Price/Gross SF
$2,312.50
Lease Type
Double Net
Rent Per Square Feet
$92.50

Investment Highlights

  • Brand New 10-Year Corporate Lease with Starbucks
  • 10 Percent Rental Increases Every Five Years
  • Dense Oakland Location in the San Francisco Bay Area - 542,343 Residents within a Five-Mile Radius
  • Property Has Nine On-Site Parking Spaces - RARE for the Oakland/San Francisco Bay Area
  • Fully Renovated Interior and Exterior in December 2020
  • Located Immediately Off the Highly Trafficked I-580 (Over 217,000 Cars Per Day)
  • Situated in the Grand Lake Neighborhood in the Heart of One of Oakland's Most Visited Commercial and Retail Hubs
  • Affluent Trade Area - Average Household Income Exceeds $129,000 in One Mile

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Known locally as “The East Bay,” Oakland is the eighth-most populous city in California, the largest city in the East Bay region of the San Francisco Bay Area, and the third-largest city overall in the San Francisco Bay Area. The county seat of Alameda County, Oakland is home to over 433,000 residents. Oakland is a major West Coast port and serves as a trade center for the San Francisco Bay Area. The Port of Oakland represents $41 billion worth of international trade. Several major employers have operations in the city, including Southwest Airlines, Kaiser Permanente, Whole Foods Market, and Target.

Exclusively Listed By

Broker of Record

  • David C. Nelson

    Regional Manager

    (510) 379-1200

    License(s): CA: 01716942

    California

MM Texture Background
MM Textured Background Lower