| Price $2,365,000 | Built/Renov 2023 | Tenant Starbucks |
| Cap Rate 5.20% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
2,286
| Lease Start
06-27-2023
| #Units
36,000
|
| Price/SF $1,034.56 | Expiration
06-30-2033
| Tenant Type Fast Food/QSR |
| NOI $123,000 | R. Term 8.11 | Ownership Fee Simple |
| Rent/SF
$53.81
| Increases 10.0%/5/yrs | Pop 5Mi 19,798 |
| Lot/AC 0.87 | Options 4/5yrs/8% | AHHI 5Mi $99,559 |
| | |
Starbucks is strategically located along I-35 with excellent access and visibility, averaging more than 86,000 vehicles passing by daily. The site is ideally situated adjacent to a newly constructed Go Wash Tunnel Car Cash and Access Health Urgent Care, in addition to numerous other national retailers including McDonald’s, Anytime Fitness, Shell, O’Reilly Auto Parts, and many more,...
...New construction
High traffic 50M+ VPD
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Accelerated depreciation
Favorable NN+ lease
Traded and rated company
Investment grade 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 : | 3,175 | 20,363 | 28,784 |
| 2023 Total Population : | 2,951 | 15,820 | 19,798 |
| 2023 Employed Civilian Pop : | 1,469 | 7,828 | 9,877 |
| 2023 Total Businesses : | 74 | 198 | 268 |
| 2023 Average Household Income : | $ 99,368 | $ 96,948 | $ 99,559 |
| 2023 Total Consumer Spending : | $ 79 M | $ 449 M | $ 581 M |
| 2023 Median Age : | 33 | 34 | 36 |
| 2023 Total Households : | 923 | 5,350 | 6,737 |
| 2023 Pop Age 25+: Bachelor's Degree : | 306 | 1,554 | 1,900 |
| 2023 Average Home Value : | $ 372,827 | $ 350,446 | $ 371,246 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Interstate 35 Frontage Road | Pvt Rd 917 | 2021 | 2,610 | 0.04 mi |
| Co Rd 312 | 2021 | 86,008 | 0.07 mi | |
| Hugh Smith Ln | 2021 | 2,800 | 0.11 mi | |
| Co Rd 370 | I- 35 Svc Rd | 2011 | 159 | 0.12 mi |
| Co Rd 312 | Co Rd 313 E | 2010 | 540 | 0.17 mi |
| Co Rd 312 | Co Rd 313 | 2015 | 454 | 0.17 mi |
| Co Rd 306 | I- 35 Svc Rd | 2011 | 86 | 0.21 mi |
| TX 121 | Co Rd 306 | 2020 | 79,494 | 0.22 mi |
| Co Rd 313 | Co Rd 312 | 2011 | 133 | 0.31 mi |
| Co Rd 309 | Co Rd 306 | 2011 | 137 | 0.37 mi |
Morristown, TN
Cap Rate 5.30%
Lease Abs NNN
R. Term 18.70 yrs
Size/SF 990
Delray Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 724
Canton, GA
Cap Rate 5.00%
Lease Abs NNN
R. Term 6.30 yrs
Size/SF 4,078
Jacksonville, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.11 yrs
Size/SF 1,708
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 950
Mesa, AZ
Cap Rate 5.35%
Lease Abs NNN
R. Term 19.90 yrs
Size/SF 2,325
Tempe, AZ
Cap Rate 5.25%
Lease Abs NNN
R. Term 15.40 yrs
Size/SF 1,575
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.90 yrs
Size/SF 950
Sacramento, CA
Cap Rate 4.65%
Lease Abs NNN
R. Term 11.00 yrs
Size/SF 2,240
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 4,481
Davenport, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Burlington, NJ
Cap Rate 5.10%
Lease Abs NNN
R. Term 19.00 yrs
Size/SF 2,518
Stillwater, OK
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 981
St. Augustine, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 950
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 2,800
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.80 yrs
Size/SF 959
Clermont, FL
Cap Rate 4.90%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
Berlin, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 2,400
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 4.30 yrs
Size/SF 4,488
Schertz, TX
Cap Rate 5.24%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 664
Kansas City, MO
Cap Rate 5.30%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Daytona Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 950
Nashville, TN
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 950
Abbeville, LA
Cap Rate 5.52%
Lease Abs NNN
R. Term 15.50 yrs
Size/SF 3,147
Richmond, KY
Cap Rate 5.40%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 950
Sacramento, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.50 yrs
Size/SF 1,901
Haines City, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 5.40 yrs
Size/SF 2,500
Richmond, KY
Cap Rate 5.40%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 950
Visalia, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 4.70 yrs
Size/SF 3,016
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
