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DOM: 5 Updated: 06.25.25 Posted: 06.25.25 Status: Active     06.25.25

Summary

Price $5,793,000
Built/Renov 2019
Tenant Starbucks
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,894
Lease Start 09-01-2000
#Units 38,038
Price/SF $585.51
Expiration 09-01-2030
Tenant Type Fast Food/QSR
NOI $391,050
R. Term 5.2
Ownership Fee Simple
Rent/SF $39.52
Increases 0.0%/0/yrs
Pop 5Mi 71,403
Lot/AC 0.66
Options 4/5yrs
AHHI 5Mi $79,505

Highlights

  • Highly Productive Strip with Best-in-Class Tenant Performance |
  • Extremely Limited Competition. Lease features 4 (5-year) options to extend
  • Absolute NNN I zero landlord responsibilities
  • Corporate guarantee (NASDAQ: SBUX)
  • Investment grade tenant (S&P: BBB+)

Location Description

Starbucks is strategically located on a signalized hard corner intersection with excellent visibility along U.S. Highway 220/Plank Road (24,000+ VPD) and State Highway 36 (12,300 VPD), serving a direct residential base with nearby single-family neighborhoods and multi-family complexes such as Logan Hills (212 units), Evergreen Manors (159 units), and Woodrow Wilson Gardens (50 units). As the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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