✖
Starbucks
1166 East Main Street, Torrington, CT 06790
$2,946,000
Cap Rate 4.75%
Summary
| 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,...
...Features
-
New construction
-
Major thoroughfare
-
Near major nationals
-
Highway location
-
Top 100 MSA
-
Strong demographics
-
Favorable NN+ lease
-
Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 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 |
Traffic
| 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 |
