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Marketing Description
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.
Investment Highlights
- Brand New 10-Year Corporate Lease with Starbucks
- 10% Rental Increases Every 5 Years
- Dense Oakland Location in the San Francisco Bay Area - 542,343 Residents within a 5-Mile Radius
- Property Has 9 On-Site Parking Spaces - RARE for the Oakland/SF Bay Area
- Fully Renovated Interior and Exterior in December 2020
- Located Immediately Off the Highly Trafficked I-580 (217,000+ Cars/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 1 Mile
Loan History
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