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| Price $3,368,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 4.75% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
1,000
| Lease Start
01-24-2025
| #Units
38,038
|
| Price/SF $3,368.00 | Expiration
02-28-2035
| Tenant Type Fast Food/QSR |
| NOI $160,000 | R. Term 9.5 | Ownership Fee Simple |
| Rent/SF
$160.00
| Increases 10.0%/11/yrs | Pop 5Mi 82,759 |
| Lot/AC 0.36 | Options 4/5yrs/10% | AHHI 5Mi $93,415 |
| | |
Brand new 2024 construction with modern double drive-thru design
Corporate guaranteed lease directly with Starbucks Corporation NASDAQ SBUX
10 year primary lease term commencing January 2025
Initial annual rent $160,000 with 4.75 percent cap rate
Four 5 year renewal options with 10 percent rent increases
1,000 SF building situated on 0.36 acre parcel
Located on US Highway 101 with 35,000 vehicles per day
Five mile trade area population 82,759 with average household income $93,415
Starbucks – Eureka is strategically located along 4th Street / U.S. Highway 101 in Eureka, California, with access to a daily traffic count of approximately 35,000 vehicles. The site is surrounded by major national retailers including Costco, Target, Safeway, etc., driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and new...
...New construction
Build to suit
Major thoroughfare
Near major nationals
Strong demographics
Business growth area
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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