Starbucks

1079 East Caro Road, Caro, MI 48723

$2,500,000

Cap Rate 6.38%

View OM

DOM: 11 Updated: 01.16.26 Posted: 01.16.26 Status: Active 01.16.26

Summary

Price $2,500,000	Built/Renov 2025	Tenant Starbucks
Cap Rate 6.38%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,511	Lease Start 10-01-2025	#Units 38,038
Price/SF $995.62	Expiration 09-30-2035	Tenant Type Fast Food/QSR
NOI $159,489	R. Term 9.8	Ownership Fee Simple
Rent/SF $63.52	Increases 9.7%/5/yrs	Pop 5Mi 9,350
Lot/AC 1.10	Options 4/5yrs/9.7%	AHHI 5Mi $74,387

Highlights

Brand-new 2025 construction Starbucks featuring a modern drive-thru design on a large 1.10-acre parcel
Outparcel to a 175,000 square foot Walmart Supercenter
Only Starbucks within a 25-mile radius, making the location highly desirable
10-year primary lease term commencing in 2025
Five-mile trade area population of 9,350 with an average household income of $74,387
Corporate guaranteed lease directly with Starbucks Corporation (NASDAQ: SBUX)

Location Description

Starbucks is strategically located on E. Caro Road in a brand-new, 2,511-square-foot freestanding building on a 1.10-acre parcel, featuring ample parking and a modern drive-thru. The site functions as an outparcel to a 175,000-square-foot Walmart Supercenter, the primary grocery and retail destination in Caro. The property benefits from excellent visibility and access along E....

...

Key Features

New construction
Roof guarantee
Near major nationals
WalMart out-parcel
Highway location
Strong tenant synergy
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant

...

Links

Starbucks Wikipedia Starbuckls Wikipedia Cao, MI Zip Code 48723 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

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...

...

Listing Broker

Isaiah Harf

Northmarq

Contact

76 Listings
15718 Views
17 Sold

Blaise Bennett

Northmarq

Contact

20 Listings
4229 Views
1 Sold

Isaiah Harf

Isaiah Harf is the Regional and Managing Director for Northmarq’s Chicago office and has been with the firm since October 2011. Focusing on the sale of net leased assets, Harf has closed more than $3 Billion in total transaction volume and has partnered with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers. As one of the lead business development and execution specialists for the team, Harf provides extensive knowledge to buyers and s

...

Blaise Bennett

Focusing primarily on advising clients on the disposition, acquisition, and capitalization of net leased properties throughout the United States, Blaise Bennett has become an integral member of the team led by Bradley Feller. Bennett delivers unmatched dedication to client service by providing thorough and reasoned market research, expert financial analysis, and detailed asset valuation. His extensive financial and legal background effectively adds value and produces results for his clients.

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT