Brand New Starbucks with Drive-Thru in Northern California
Overview
New 15-Year Corporate Net Lease to Starbucks (NASDAQ: SBUX): 10% rent bumps throughout primary term and options provide a hedge against inflation
Brand New 2025 Construction with Drive-Thru
Investment Grade Tenant: Starbucks is rated BBB+ by Standard & Poor's
Ideally Situated within Promenade at Arbor Creek: Co-tenants include McDonald's, Pizza Hut, AutoZone, The Learning Experience, and Monty's Express Carwash
Signalized Intersection with Multiple Access Points: 35,076 ADT at Elk Grove Road and Robbins Road, just 2.5 miles from CA-99 (176,000 ADT)
Established Retail Corridor with High Student Traffic: 26,000+ students within 3 miles
Dense, Affluent Demographics: Population of 131,857 and average household income of $119,032 within a 3-mile radius