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Views: 32 DOM: 74 Updated: 05.04.24 Posted: 03.06.24 Status: Active

Summary

Price $3,900,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 5.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,500
Lease Start 05-01-2024
#Units 36,000
Price/SF $1,560.00
Expiration 04-30-2034
Tenant Type Fast Food/QSR
NOI $195,000
R. Term 9.11
Ownership Fee Simple
Rent/SF $78.00
Increases 10.0%/5/yrs
Pop 5Mi 29,792
Lot/AC 0.78
Options 4/5yrs/10%
AHHI 5Mi $73,971

Lease Highlights

  • Brand-new 2024 construction
  • Starbucks will be executing a brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of East Main Street and Interstate Highway 15, with access to a combined daily traffic count of 130,000 vehicles. The property benefits from nearby access to points of ingress/egress to Interstate-15 (80,000 VPD), a major north-south highway. Barstow is one of the top markets in the nation for Quick Service...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:36,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,629 27,064 30,311
2023 Total Population : 9,370 26,629 29,792
2023 Employed Civilian Pop : 3,986 10,282 11,702
2023 Total Businesses : 191 737 803
2023 Average Household Income : $ 75,724 $ 70,864 $ 73,971
2023 Total Consumer Spending : $ 221 M $ 571 M $ 669 M
2023 Median Age : 34 33 34
2023 Total Households : 3,309 9,203 10,337
2023 Pop Age 25+: Bachelor's Degree : 533 1,478 1,665
2023 Average Home Value : $ 173,494 $ 192,397 $ 193,909
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
CR 66 I- 15 2022 43,000 0.10 mi
15 Roberta St 2018 50,000 0.15 mi
E Main St Roberta St 2008 7,760 0.18 mi
15 E Main St 2018 50,000 0.21 mi
E Main St Montara Rd 2007 20 0.25 mi
40 I 40 Fwy E 2018 21,800 0.27 mi
Coolwater Ln E Main St 2008 290 0.34 mi
E Main St Coolwater Ln 2008 12,690 0.35 mi
Eastgate Rd E Main St 2008 1,970 0.35 mi
I 40 I- 15 Bus 2022 21,900 0.43 mi

Listing Broker

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