Starbucks

265 Antelope Blvd,
Red Bluff, CA 96080

High Visibility Location off Interstate 5

5.00%
CAP RATE
2,768
Building SF
$132,275
Current Rent
.52
Land Acres
NN (Double-Net)
Lease Type
2014
Year Built
5.00%
CAP RATE
2,768
Building SF
$132,275
Current Rent
.52
Land Acres
NN (Double-Net)
Lease Type
2014
Year Built

INVESTMENT OVERVIEW

  • Essential CRE has be exclusively retailed to present the opportunity to acquire a single tenant, net leased Starbucks in Red Bluff, CA (Tehama County). The subject property is 2768 SF, resides on .52 acres of land, and was constructed in 2014 . The subject property benefits from nearby direct on/off ramp access to Interstate 5, with excellent accessibility attracting interstate commuters. The drive-thru and large parking lot provides favorable ingress/egress for daily customers.

INVESTMENT HIGHLIGHTS

  • Corporate Guarantee National Tenant; Starbucks (NYSE: SBUX) S&P Credit Rating of “BBB+”
  • Double-Net Lease with 10% Rent Increases every 5 Years Including Options
  • Newer 2014 Construction; Limited Owner Responsibilities - Roof, Structure & Parking Lot
  • Large Pylon Signage with Excellent Visibility and Access off Interstate 5
  • Surrounding Retailers include Applebee's, Del Taco, McDonald's, Burger King, Chevron & Shell

MARKET OVERVIEW

  • Red Bluff is a small city located in Northern California, in Tehama County. As of the 2020 census, the population of Red Bluff was approximately 14,000 people. The city is situated along the Sacramento River and is known for its beautiful natural scenery, including the nearby Lassen Volcanic National Park and Mount Shasta. The area is popular with outdoor enthusiasts who come to hike, fish, and boat on the river. Red Bluff has a historic downtown area, which features many buildings from the late 19th and early 20th centuries. The downtown area is home to a number of shops, restaurants, and cultural attractions, including the Tehama District Fairgrounds, which hosts an annual county fair.
  • The city is also known for its western heritage and hosts the Red Bluff Round-Up, one of the largest and most popular rodeos in the United States. The event attracts thousands of visitors each year and features traditional rodeo events, such as bull riding, barrel racing, and steer wrestling. Overall, Red Bluff offers a mix of natural beauty, outdoor activities, and cultural attractions, making it a popular destination for visitors to Northern California.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282