Sands Investment Group is Pleased to Present For Sale the Starbucks NN Lease Located in Pittsburg, California. The 10-Year Corporate Guaranteed Lease Features Four (4) By Five (5) Year Options to Extend, and 10% Rental Increases Every 5 Years Throughout the Initial Term and at the Beginning of Each Option Period With No Early Termination Clause. The Subject Property is Strategically Located Off Highway 4 and the Railroad Avenue Exit Which Sees Nearly 155,000 Vehicles Per Day. This Offering Presents the Opportunity to Acquire a Brand New Construction, Investment Grade Tenant With a Growing NOI, Making it an Ideal, Low Management Opportunity For an Investor.
- Long-Term 10-Year Corporate Guaranteed Lease With No Early Termination Clause
- Attractive 10% Rental Increases Every 5 Years in the Primary Term and at the Beginning of Each Option Period
- Brand New Construction- Anticipated Opening Q4 2023
- Starbucks is an Investment Grade Tenant – (S&P: BBB)
- Starbucks is the World’s Premier Coffee Chain With Over 35,7111 Locations and $32.3 Billion in Annual Revenue
- Double Net (NN) Lease Structure – Minimal Landlord Responsibilities
- Ideal Positioning – The Site is Located Off Highway 4 and the Railroad Avenue Exit Which Sees Nearly 155,000 VPD
- Just Steps From New Courtyard By Marriott Hotel Development – a New 4-Story Hotel With 125 Rooms
- Growing Neighborhood With a Dense Population of 144,560 Residents Making an Average Household Income of $93,347 Within a 5-Mile Radius
- Walking Distance From Bay Area Rapid Transit (B.A.R.T.), a Rail System That Connects the San Francisco Peninsula With Communities in the East and South Bay
- Nearby Pittsburgh High School – Over 3,000 Students Enrolled
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
View Similar Investment Opportunities
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
