Starbucks

1610 W St Marys Rd, Tucson, AZ 85745

$2,546,300

Cap Rate 5.40%

Views: 182 DOM: 203 Updated: 08.21.24 Posted: 02.25.24 Status: Contract 08.01.24

Summary

Price $2,546,300	Built/Renov 2024	Tenant Starbucks
Cap Rate 5.40%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 928	Lease Start 01-29-2024	#Units 36,000
Price/SF $2,877.05	Expiration 01-28-2034	Tenant Type Fast Food/QSR
NOI $137,500	R. Term 9.4	Ownership Fee Simple
Rent/SF $148.17	Increases 10.0%/5/yrs	Pop 5Mi 230,496
Lot/AC 0.73	Options 4/5yrs/10%	AHHI 5Mi $56,047

Lease Highlights

Brand-new 2024 construction
Starbucks recently executed a brand-new 10-year lease with 4 (5-year) options to extend
The lease features 10% rental escalations every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of West St. Mary's Road and North Silverbell Road, with access to a combined daily traffic count of 40,030 vehicles. The property is located directly across from St. Mary's Hospital, Southern Arizona's longest continuously operating hospital. Additionally, it is less than a five-minute drive from Pima Community...

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Key Features

New construction
Signalized intersection
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Brand new lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Tucson, Arizona Zip Code 85745 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,803	92,210	217,868
2023 Total Population :	9,902	92,011	218,223
2023 Employed Civilian Pop :	4,467	40,924	99,696
2023 Total Businesses :	420	4,243	9,727
2023 Average Household Income :	$ 59,337	$ 63,130	$ 67,207
2023 Total Consumer Spending :	$ 234 M	$ 2113 M	$ 5514 M
2023 Median Age :	35	30	33
2023 Total Households :	4,461	37,984	93,212
2023 Pop Age 25+: Bachelor's Degree :	1,010	10,248	25,566
2023 Average Home Value :	$ 265,720	$ 278,841	$ 274,566

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W St Marys Rd	N Silverbell Rd	2004	21,890	0.02 mi
N Silverbell Rd	W St Marys Rd	2004	18,574	0.04 mi
N Silverbell Rd	W St Marys Rd	2004	13,709	0.08 mi
W St Marys Rd	N Iroquois Ave	2004	23,266	0.10 mi
North Silverbell Road	N San Rafael Ave	2019	14,109	0.22 mi
W St Marys Rd	N Cuesta Ave	2014	25,780	0.30 mi
N Silverbell Rd	Cll Mecedora	2016	12,747	0.30 mi
W St Marys Rd	W Anklam Rd	2004	16,200	0.30 mi
W Anklam Rd	W St Marys Rd	2004	17,612	0.37 mi
N Silverbell Rd	W Fresno St	2018	12,262	0.37 mi

Listing Broker

Mark Ruble

Marcus & Millichap: NLAG

Contact

181 Listings
17748 Views
101 Sold

Chris Lind

Marcus & Millichap: NLAG

Contact

180 Listings
17656 Views
100 Sold

Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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