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31294548
31306235

2410 Mahogany Way, Antioch, CA 94509

CL
TX TX - 677086
ALPHA REAL ESTATE ADVISORS
ALPHA REAL ESTATE ADVISORS
SK
CA 02018743
ALPHA REAL ESTATE ADVISORS
ST
CA 01935917
ALPHA REAL ESTATE ADVISORS
Listed by ALPHA REAL ESTATE ADVISORS
$3,510,638
73 days on market
Updated 62 days ago

Starbucks - Rare 20-Year Ground Lease

Details
Property Type Retail
Sub Type Drive-Thru, Ground Lease (+1)
Net Rentable (SqFt) 2,485
Cap Rate 4.7%
NOI $165,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Remaining Term 20
Year Built 2026
Buildings 1
Stories 1
Acreage 0.380
Investment Type Net Lease
Ground Lease Yes
Ownership Ground Lease

Brand-New Drive-Thru Starbucks with 20-Year Ground Lease & Zero Landlord Responsibilities

Marketing description

Brand-new construction Starbucks Corporation featuring a rare 20-year absolute NNN ground lease, delivering a truly passive, long-term income stream backed by an investment-grade (BBB+) corporate guarantee. Strategically positioned along a high-traffic retail corridor with excellent visibility and access, the property benefits from strong surrounding retail synergy and continued suburban growth.

The drive-thru equipped store is built to Starbucks’ latest prototype, optimized for efficiency, throughput, and consistent daily consumer demand. Structured with 10% rental increases every five years and zero landlord responsibilities, this asset offers durable cash flow, built-in inflation protection, and long-term appreciation potential within one of the nation’s most sought-after net lease investment categories.

Investment highlights

  • 20-Year Lease – New long-term lease with multiple renewal options.
  • Absolute NNN Ground Lease – Zero landlord responsibilities.
  • Brand-New Starbucks – BTS drive-thru prototype construction.
  • 10% Rent Increases – Every 5 years for strong NOI growth.
  • High-Traffic Location – Frontage on Hwy 4 (~165K VPD).

Listing Contacts

CL
TX TX - 677086
ALPHA REAL ESTATE ADVISORS
ALPHA REAL ESTATE ADVISORS
SK
CA 02018743
ALPHA REAL ESTATE ADVISORS
ST
CA 01935917
ALPHA REAL ESTATE ADVISORS
Listed by ALPHA REAL ESTATE ADVISORS

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$165,000.00
$13,750.00/mo

Valuation Metrics

0
DSCR
4.7%
Cap Rate
4.7%
ROI

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