| Price $2,762,000 | Built/Renov 2023 | Tenant Starbucks |
| Cap Rate 5.25% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,200
| Lease Start
11-30-2023
| #Units
36,000
|
| Price/SF $1,255.45 | Expiration
02-28-2034
| Tenant Type Fast Food/QSR |
| NOI $145,000 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$65.91
| Increases 5.0%/10/yrs | Pop 5Mi 67,840 |
| Lot/AC 0.78 | Options 6/5yrs/5% | AHHI 5Mi $82,530 |
| | |
Starbucks is strategically located at a signalized, hard corner intersection, with access to a combined daily traffic count of 52,300 vehicles. The property offers excellent visibility and access, and it is adjacent to new development. The immediate trade area is surrounded by well-known national tenants, including McDonald’s, Dunkin’, Subway, Walmart Neighborhood Center, Pizza Hut, Wendy’s,...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Highway location
Major MSA
Brand new 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 : | 5,886 | 31,262 | 68,601 |
| 2023 Total Population : | 5,921 | 30,978 | 67,840 |
| 2023 Employed Civilian Pop : | 2,891 | 14,279 | 31,916 |
| 2023 Total Businesses : | 439 | 2,266 | 3,769 |
| 2023 Average Household Income : | $ 69,909 | $ 76,394 | $ 82,530 |
| 2023 Total Consumer Spending : | $ 157 M | $ 872 M | $ 2039 M |
| 2023 Median Age : | 38 | 41 | 42 |
| 2023 Total Households : | 2,547 | 13,011 | 28,346 |
| 2023 Pop Age 25+: Bachelor's Degree : | 530 | 3,923 | 9,828 |
| 2023 Average Home Value : | $ 227,544 | $ 240,502 | $ 246,984 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 2nd Avenue Northwest | 15th St NW | 2019 | 7,500 | 0.02 mi |
| 2nd Avenue Northwest | 15th St NW | 2022 | 6,082 | 0.04 mi |
| 2nd Ave NW | 2022 | 39,217 | 0.09 mi | |
| 2nd Ave NW | 2019 | 38,000 | 0.11 mi | |
| 2nd Avenue Northwest | 16th St NW | 2022 | 8,085 | 0.11 mi |
| 2nd Ave NW | 2019 | 37,000 | 0.13 mi | |
| US 321 | 2nd Ave NW | 2022 | 37,920 | 0.16 mi |
| 17th Street Northwest | 2nd Ave NW | 2022 | 1,571 | 0.16 mi |
| 2nd Avenue Northwest | 18th St NW | 2019 | 8,100 | 0.26 mi |
| 18th St NW | 2022 | 7,491 | 0.29 mi |
Peoria, AZ
Cap Rate 5.00%
Lease Abs NNN
R. Term 17.11 yrs
Size/SF 700
Delray Beach, FL
Cap Rate 4.75%
Lease Abs NNN
R. Term 9.11 yrs
Size/SF 724
Colorado Springs, CO
Cap Rate 5.75%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 510
Dahlonega, GA
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 3,305
Rockmart, GA
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 2,000
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 2,800
Wildwood, NJ
Cap Rate 5.00%
Lease Abs NNN
R. Term 9.70 yrs
Size/SF 1,150
Nashville, TN
Cap Rate 4.75%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 950
Cameron Park, CA
Cap Rate 4.52%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 950
Hendersonville, TN
Cap Rate 5.20%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 950
Montgomery, AL
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 3,057
Vista, CA
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,050
Baker City, OR
Cap Rate 6.00%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 2,400
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 4,481
Visalia, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 4.80 yrs
Size/SF 3,016
Las Cruces, NM
Cap Rate 5.84%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 2,868
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
