Views: 0 DOM: 84 Updated: 10.11.23 Posted: 09.19.23 Status: Active


Price $2,420,000
Built/Renov 2023
Tenant Starbucks
Cap Rate 5.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,350
Lease Start 09-15-2023
#Units 36,000
Price/SF $1,029.79
Expiration 09-14-2033
Tenant Type Fast Food/QSR
NOI $127,067
R. Term 9.9
Ownership Fee Simple
Rent/SF $54.07
Increases 10.0%/5/yrs
Pop 5Mi 34,663
Lot/AC 0.69
Options 4/5yrs/10%
AHHI 5Mi $90,352

Lease Highlights

  • Newly construction Starbucks equipped with drive-thru
  • Tenant recently signed a brand-new 10-years lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years of the lease term
  • Favorable NN+ lease with landlord responsible for for roof & structure (brand-new roof warranty)
  • Corporate guaranteed lease
  • Income tax free state

Location Description

This newly construction Starbucks, equipped with a drive-thru, is located on South Four J Road which sees 14,400, vehicles passing by daily. It is also adjacent to the signalized intersection at Four J Road and Lakeway Road (15,500 VPD). Nearby major nationals include Walmart, JoAnn, Hobby Lobby, Marshalls, and more, creating a strong consumer drive to the immediate trade area. The site...



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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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,743 27,286 36,112
2023 Total Population : 6,866 27,699 36,731
2023 Employed Civilian Pop : 3,638 14,778 19,567
2023 Total Businesses : 293 1,417 1,631
2023 Average Household Income : $ 106,483 $ 101,239 $ 101,228
2023 Total Consumer Spending : $ 231 M $ 935 M $ 1234 M
2023 Median Age : 34 34 34
2023 Total Households : 2,532 10,688 14,092
2023 Pop Age 25+: Bachelor's Degree : 708 2,356 3,141
2023 Average Home Value : $ 255,900 $ 274,498 $ 280,940
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
South 4-J Road Lakeway Rd 2018 14,405 0.04 mi
West Lakeway Road Ash St 2018 13,510 0.15 mi
South 4-J Road W Walnut St 2018 11,000 0.17 mi
West Lakeway Road Rodeo St 2018 4,872 0.17 mi
South 4-J Road S 4-J Rd 2018 4,831 0.26 mi
West Lakeway Road W Boxelder Rd 2018 4,703 0.31 mi
East Lakeway Road Elder St 2018 16,500 0.37 mi
Enzi Drive Sinclair St 2018 10,590 0.44 mi
Harder Drive Glacier Dr 2018 2,898 0.44 mi
West Lakeway Road Sage Valley Dr 2018 3,713 0.48 mi

Listing Broker

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