* Dominant International Brand, Corporate Tenancy – Starbucks (Nasdaq: SBUX) is the largest specialty coffee and tea retailer in the U.S., operating over 38,000 locations across 84 countries. With a market capitalization exceeding $105 billion and 2024 revenue of $36 billion, the company maintains an investment-grade credit rating of BBB+ from S&P
* Recent Build-to-Suit Construction – Starbucks opened October 2023, on a new 10-year lease (February 2034 expiration) with four additional 5-year options to renew, demonstrating the tenant’s desire for this location
* Complimentary Surrounding Tenants – Starbucks is strategically located alongside national tenants including 7-Eleven, which opened in August 2024, along with Jack in the Box and Del Taco, both scheduled to open mid-2025, creating a point-of-destination retail location for residents, employees and travelers alike
* Strong Daytime Population – With over 116 million SF of industrial and a daytime population of 76,624 within a 3-mile radius, the property benefits from its location in a thriving industrial market with a large customer base
* Major Industrial Hub – Ontario serves as a major logistics and distribution hub, home to over 240 logistics companies, including industry leaders like Amazon, Nike, and VF Corp. The city boasts the highest concentration of warehouse space in the Inland Empire and ranks among the largest in the United States
*Ontario International Airport (ONT): located only a 10-minute drive away and the 9th-busiest airport in the US by cargo carried