Views: 0 DOM: 45 Updated: 12.04.23 Posted: 10.27.23 Status: Active


Price $2,946,000
Built/Renov 2022
Tenant Starbucks
Cap Rate 4.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,084
Lease Start 01-01-2023
#Units 36,000
Price/SF $1,413.63
Expiration 01-01-2033
Tenant Type Fast Food/QSR
NOI $139,940
R. Term 9.0
Ownership Fee Simple
Rent/SF $67.15
Increases 10.0%/4/yrs
Pop 5Mi 42,806
Lot/AC 0.52
Options 6/5yrs/10%
AHHI 5Mi $99,361

Lease Highlights

  • Brand-new, state-of-the-art construction | Starbucks latest prototype
  • New 10-year lease with no kick-out clause
  • 10% rental increases in the option periods
  • Significant capital contributions made by Landlord and Tenant to the remodel of the building | See Agent for details
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure

Location Description

Starbucks is positioned on U.S. Route 202, where the daily traffic count averages 20,000 vehicles. This property is in close proximity to well-known national tenants, including BJ’s Wholesale, Dollar Tree, Chipotle, Dunkin’, Bank of America, Cumberland Farms, and Webster Bank. Additionally, it's less than one mile away from a variety of major retailers and establishments, including Walmart,...



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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...



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2028 Total Population : 7,456 32,501 42,605
2023 Total Population : 7,515 32,851 42,965
2023 Employed Civilian Pop : 3,756 16,364 21,730
2023 Total Businesses : 352 1,670 2,062
2023 Average Household Income : $ 97,298 $ 89,260 $ 98,488
2023 Total Consumer Spending : $ 280 M $ 1128 M $ 1577 M
2023 Median Age : 50 45 45
2023 Total Households : 3,369 14,702 18,686
2023 Pop Age 25+: Bachelor's Degree : 856 3,602 5,227
2023 Average Home Value : $ 212,901 $ 232,150 $ 262,546
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Albany Street Buena Vista Ave 2021 100 0.08 mi
E Main St Pfeffer Ln 2018 8,600 0.22 mi
Torringford West Street Lyman Dr 2021 4,600 0.28 mi
Torringford West Street Battell St 2021 6,200 0.30 mi
Charles Street Revere St 2021 3,500 0.30 mi
Elmira Avenue Beverly Rd 2021 150 0.30 mi
Charles St Torringford West St 2018 77,700 0.33 mi
Charles Street Torringford West St 2018 4,700 0.33 mi
E Main St Greenridge Rd 2018 15,100 0.49 mi
Alvord Park Road Chamberlain St 2021 1,600 0.51 mi

Listing Broker

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