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Views: 46 DOM: 129 Updated: 03.17.24 Posted: 01.19.24 Status: Active


Price $1,705,128
Built/Renov 2023
Tenant Starbucks
Cap Rate 5.85%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,225
Lease Start 08-02-2023
#Units 36,000
Price/SF $766.35
Expiration 08-31-2033
Tenant Type Fast Food/QSR
NOI $99,750
R. Term 9.3
Ownership Fee Simple
Rent/SF $44.83
Increases 9.5%/5/yrs
Pop 5Mi 15,590
Lot/AC 0.81
Options 4/5yrs/10.5%
AHHI 5Mi $76,851

Lease Highlights

  • Brand new 2023 construction
  • Starbucks has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 9.5% rental increases every 5 years throughout the initial term, 10.5% at the start of option 1 and 10% at the start of each remaining option
  • Corporate guaranteed lease

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Broadway Avenue and Spire Circle, which has a combined daily traffic count of 11,804. It is situated just feet from its intersection with South Broadway (11,804 VPD) and just a quarter mile north of the on-ramp to Interstate 90 (39,518 VPD). The property boasts a prime location across from a future gas station...



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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...


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