| Price $2,327,272 | Built/Renov 2023 | Tenant Starbucks |
| Cap Rate 5.50% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
2,250
| Lease Start
02-28-2024
| #Units
36,000
|
| Price/SF $1,034.34 | Expiration
02-28-2034
| Tenant Type Fast Food/QSR |
| NOI $128,000 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$56.89
| Increases 5.0%/5/yrs | Pop 5Mi 30,165 |
| Lot/AC 1.10 | Options 3/5yrs/10% | AHHI 5Mi $140,727 |
| | |
Starbucks is strategically located on Canal Street and offers visibility from US Route 6, which runs directly behind the property, providing access to a substantial daily traffic count of 63,100 vehicles. The property is situated just moments from the convergence of Canal Street, Meetinghouse Lane, State Route 3A, and US Route 6, particularly at the junction of US Route 6 and State Route 3A....
...New construction
High traffic 50M+ VPD
Near major nationals
Freeway visibility
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,662 | 13,313 | 31,360 |
| 2023 Total Population : | 3,544 | 12,978 | 30,583 |
| 2023 Employed Civilian Pop : | 2,309 | 7,297 | 16,867 |
| 2023 Total Businesses : | 140 | 601 | 1,138 |
| 2023 Average Household Income : | $ 135,058 | $ 144,162 | $ 139,187 |
| 2023 Total Consumer Spending : | $ 169 M | $ 677 M | $ 1492 M |
| 2023 Median Age : | 46 | 49 | 46 |
| 2023 Total Households : | 1,470 | 5,559 | 12,625 |
| 2023 Pop Age 25+: Bachelor's Degree : | 912 | 2,989 | 6,235 |
| 2023 Average Home Value : | $ 505,349 | $ 554,110 | $ 551,333 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Sagamore Bridge | Canal Sr | 2022 | 67,147 | 0.07 mi |
| RAMP-RT 6 WB TO SCENIC HWY EB | Scenic Hwy | 2021 | 3,937 | 0.09 mi |
| RAMP-RT 6 WB TO SCENIC HWY EB | Scenic Hwy | 2020 | 3,435 | 0.09 mi |
| Scenic Hwy | 2022 | 3,937 | 0.09 mi | |
| Brigantine Passage Dr | 2018 | 9,038 | 0.12 mi | |
| Scenic Hwy | 2022 | 9,672 | 0.12 mi | |
| RAMP-RT 6/SCENIC HWY TO RT 6 EB | Yellow Pine Rd | 2020 | 8,440 | 0.14 mi |
| Scenic Hwy | Brigantine Passage Dr | 2002 | 26,509 | 0.16 mi |
| CANAL STREET | Canal St | 2021 | 3,567 | 0.20 mi |
| Cape Pine Rd | 2022 | 3,158 | 0.23 mi |
Delray Beach, FL
Cap Rate 4.75%
Lease Abs NNN
R. Term 9.11 yrs
Size/SF 724
Morristown, TN
Cap Rate 5.30%
Lease Abs NNN
R. Term 18.70 yrs
Size/SF 990
Canton, GA
Cap Rate 5.00%
Lease Abs NNN
R. Term 6.40 yrs
Size/SF 4,078
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.11 yrs
Size/SF 950
Dahlonega, GA
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 3,305
Mesa, AZ
Cap Rate 5.35%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 2,325
Orlando, FL
Cap Rate 4.76%
Lease Abs NNN
R. Term 16.10 yrs
Size/SF 2,090
Georgetown, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Harrisonville, MO
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.40 yrs
Size/SF 3,787
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 950
Davenport, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Sacramento, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.60 yrs
Size/SF 1,901
Stillwater, OK
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 981
Visalia, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 4.80 yrs
Size/SF 3,016
Joplin, MO
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 3,787
Nashville, TN
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 950
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
Wildwood, NJ
Cap Rate 5.00%
Lease Abs NNN
R. Term 9.70 yrs
Size/SF 1,150
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 2,800
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 4.50 yrs
Size/SF 4,488
Clermont, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Las Vegas, NV
Cap Rate 5.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 573
St. Augustine, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 950
Abbeville, LA
Cap Rate 5.52%
Lease Abs NNN
R. Term 15.70 yrs
Size/SF 3,147
Berlin, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 20.10 yrs
Size/SF 2,400
Schertz, TX
Cap Rate 5.15%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 664
Sacramento, CA
Cap Rate 4.65%
Lease Abs NNN
R. Term 11.10 yrs
Size/SF 2,240
Colorado Springs, CO
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Burlington, NJ
Cap Rate 5.10%
Lease Abs NNN
R. Term 19.20 yrs
Size/SF 2,518
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 4,481
Kansas City, MO
Cap Rate 5.30%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Richmond, KY
Cap Rate 5.40%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 950
Monmouth, OR
Cap Rate 5.81%
Lease Abs NNN
R. Term 15.11 yrs
Size/SF 2,302
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 959
Daytona Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 950
Oklahoma City, OK
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.11 yrs
Size/SF 780
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
