Price $3,667,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 4.50% | Lease Type
Double NN | Guarantor Franchisee |
Size/SF
2,365
| Lease Start
04-01-2024
| #Units
36,000
|
Price/SF $1,550.53 | Expiration
03-31-2039
| Tenant Type Fast Food/QSR |
NOI $165,000 | R. Term 15.3 | Ownership Fee Simple |
Rent/SF
$69.77
| Increases 8.0%/5/yrs | Pop 5Mi 76,414 |
Lot/AC 3.41 | Options 4/5yrs/8% | AHHI 5Mi $195,876 |
| |
Starbucks is strategically situated at the intersection of Farm to Market Road 620 and Steiner Ranch Boulevard, which has a combined daily traffic count of 45,000 vehicles. Located in a dense retail corridor, the subject property is within close proximity to multiple national/credit tenants including Home Depot, Target, CVS, Walgreens, and more. The property also enjoys proximity to several...
...New construction
Signalized intersection
Dense retail corridor
Highway close
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr 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 : | 2,231 | 25,008 | 70,502 |
2023 Total Population : | 2,221 | 25,801 | 72,867 |
2023 Employed Civilian Pop : | 1,247 | 13,498 | 39,472 |
2023 Total Businesses : | 75 | 884 | 2,449 |
2023 Average Household Income : | $ 135,683 | $ 191,025 | $ 199,162 |
2023 Total Consumer Spending : | $ 124 M | $ 1632 M | $ 4696 M |
2023 Median Age : | 36 | 37 | 38 |
2023 Total Households : | 1,095 | 10,196 | 28,181 |
2023 Pop Age 25+: Bachelor's Degree : | 412 | 6,944 | 21,541 |
2023 Average Home Value : | $ 764,767 | $ 781,075 | $ 773,558 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Comanche Trail | 2015 | 3,248 | 0.07 mi | |
TX 45;RM 620 | Comanche Trl | 2020 | 35,070 | 0.07 mi |
Comanche Trl | FM 620 | 2002 | 1,990 | 0.11 mi |
Steiner Ranch Boulevard | 2015 | 4,514 | 0.16 mi | |
Steiner Ranch Blvd | FM 620 | 2010 | 6,950 | 0.16 mi |
Quinlan Park Rd N | Canyon Glen Dr | 2005 | 14,980 | 0.86 mi |
N Quinlan Park Rd | 2021 | 30,185 | 0.87 mi | |
North Quinlan Park Road | 2015 | 19,712 | 0.88 mi | |
Ranch Rd 620 N | Marshall Ford Rd | 2018 | 31,858 | 0.90 mi |
Marshall Ford Rd | Mansfield View Ct | 2010 | 400 | 0.94 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]