Starbucks

3810 East Main Street, Blytheville, AR 72315

$2,435,000

Cap Rate 5.75%

Views: 42 DOM: 83 Updated: 05.03.24 Posted: 02.28.24 Status: Active

Summary

Price $2,435,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,225	Lease Start 03-01-2024	#Units 36,000
Price/SF $1,094.38	Expiration 02-28-2034	Tenant Type Fast Food/QSR
NOI $140,000	R. Term 9.9	Ownership Fee Simple
Rent/SF $62.92	Increases 7.5%/5/yrs	Pop 5Mi 14,592
Lot/AC 1.20	Options 4/5yrs/7.5%	AHHI 5Mi $66,372

Lease Highlights

Brand-new 2024 construction
Starbucks will be executing a brand-new 10-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 7.5% rental escalations throughout the initial term and each option period
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on E Main Street, with access to 18,487 vehicles passing by daily. Positioned as an outparcel to Walmart Supercenter (1.8 million annual visits) and Lowe’s Home Improvement (454K annual visits). Adjacent to the #1 Burger King in the State of Arkansas, recognized by Placer.ai. Furthermore, the property is situated within a busy retail corridor, surrounded by...

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Key Features

New construction
Near major nationals
WalMart out-parcel
Strategically located
Freeway close
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Blytheville, Arkansas Zip Code 72315 Broker Site Page

Maps

Local Information

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 :	473	10,185	13,959
2023 Total Population :	498	10,690	14,592
2023 Employed Civilian Pop :	223	4,737	6,462
2023 Total Businesses :	137	639	781
2023 Average Household Income :	$ 65,819	$ 64,192	$ 66,372
2023 Total Consumer Spending :	$ 13 M	$ 247 M	$ 349 M
2023 Median Age :	36	37	37
2023 Total Households :	225	4,369	5,973
2023 Pop Age 25+: Bachelor's Degree :	47	762	1,020
2023 Average Home Value :	$ 129,259	$ 141,936	$ 139,326

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
AR 18	Stracener Rd	2021	16,000	0.10 mi
18	S Porter Dr	2021	3,900	0.21 mi
18	N Porter Dr	2021	3,200	0.24 mi
South Porter Drive	Access Rd	2021	2,000	0.31 mi
South Porter Drive	E Main St	2021	3,800	0.32 mi
North Porter Drive	Access Rd	2021	3,400	0.32 mi
North Service Road	E Main St	2021	4,900	0.35 mi
S Svc Rd	E Main St	2017	5,200	0.35 mi
S Service Road	E Main St	2021	1,800	0.36 mi
N Porter Dr	Access Rd	2017	2,200	0.37 mi

Listing Broker

Will Lightfoot

SHOP Companies

Contact

11 Listings
343 Views
0 Sold

Matt Maguire

SHOP Companies

Contact

11 Listings
343 Views
0 Sold

Will Lightfoot

Will Lightfoot is a partner at SHOP Oklahoma City, focusing on the sale of single tenant net lease retail properties throughout the United States. Will assists developers, corporate users, REITs, institutions, and 1031 exchange buyers in the disposition, acquisition, and sale-leaseback structuring of net lease properties. Will’s career transaction volume exceeds $1.2 Billion. Prior to joining SHOP Companies in 2021, Will spent 10 years at CBRE where he was a Senior Vice President and con

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Matt Maguire

Matt joined SHOP Companies in 2021 focusing on the sale of single tenant net lease retail properties throughout the United States. Matt assists developers, corporate users, REITs, institutions, and 1031 exchange buyers in the disposition, acquisition, and sale-leaseback structuring of net lease properties. During Matt’s career in single tenant net lease assets, he has worked directly in closing more than 100+ transactions with a combined value of more than $650MM. Born and raised in Oklaho

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