Views: 0 DOM: 24 Updated: 12.07.23 Posted: 11.17.23 Status: Active


Price $2,700,000
Built/Renov 2001/2023
Tenant Starbucks
Cap Rate 5.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 3,054
Lease Start 10-29-2023
#Units 36,000
Price/SF $884.09
Expiration 02-28-2034
Tenant Type Fast Food/QSR
NOI $135,000
R. Term 10.2
Ownership Fee Simple
Rent/SF $44.20
Increases 10.0%/6/yrs
Pop 5Mi 57,459
Lot/AC 1.32
Options 4/5yrs/10%
AHHI 5Mi $97,256

Lease Highlights

  • Starbucks recently signed a brand new 10-year lease with 2 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Starbucks is positioned with significant frontage on E. Jimmie Leeds Road (15,602 VPD), just hundreds of feet from its signalized intersection with S. Pitney Road (14,407 VPD), and 2 miles from its access points to the Garden State Parkway (46,643 VPD). The property is in close proximity to regional employers including AtlantiCare Regional Medical Center (323 beds), Stockton University (9,000+...



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  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,836 33,496 56,950
2023 Total Population : 2,901 34,190 57,459
2023 Employed Civilian Pop : 1,555 18,837 30,222
2023 Total Businesses : 168 996 1,721
2023 Average Household Income : $ 112,325 $ 100,550 $ 97,256
2023 Total Consumer Spending : $ 101 M $ 1087 M $ 1771 M
2023 Median Age : 46 41 40
2023 Total Households : 1,061 12,673 21,239
2023 Pop Age 25+: Bachelor's Degree : 579 5,811 8,237
2023 Average Home Value : $ 298,127 $ 311,683 $ 309,074
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
East Jimmie Leeds Road 2019 13,045 0.03 mi
East Jimmie Leeds Road 6th Ave 2017 15,602 0.17 mi
South Pitney Road E Jimmie Leeds Rd 2018 14,407 0.18 mi
South Pitney Road Anthony Ln 2017 14,542 0.39 mi
East Jimmie Leeds Road S Camelback Dr 2018 15,457 0.39 mi
South Pitney Road Greenwich Dr 2020 17,170 0.41 mi
6th Avenue Tess Conover Way 2018 3,119 0.49 mi
S Pitney Rd Dennis Dr 2005 11,453 0.49 mi
East Great Creek Road S Pitney Rd 2018 4,579 0.55 mi
South Pitney Road Quail Hill Blvd 2018 8,532 1.04 mi

Listing Broker

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