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Views: 94 Updated: 01.17.24 Posted: 10.03.23 Status: Inactive


Price $2,130,000
Built/Renov 2023
Tenant Starbucks
Cap Rate 5.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,480
Lease Start 08-04-2023
#Units 36,000
Price/SF $858.87
Expiration 08-31-2033
Tenant Type Fast Food/QSR
NOI $122,500
R. Term 9.2
Ownership Fee Simple
Rent/SF $49.40
Increases 10.0%/5/yrs
Pop 5Mi 43,370
Lot/AC 1.44
Options 6/5yrs/10%
AHHI 5Mi $73,379

Lease Highlights

  • Brand-new 2023 construction
  • Starbucks recently signed a brand-new 10-year lease with 6 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)

Location Description

This newly constructed 2,480 square foot Starbucks is strategically located along US Hwy 70 West with access to 26,000 vehicles per day. The site benefits from its location as an outparcel to a Planet Fitness anchored shopping center with neighboring tenants including T-Mobile, Mucho Bueno, Clean Wheels Carwash and more. National/credit tenants in the area include McDonalds, Dollar General,...



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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...



Collection Street Cross Street Year Traffic Vol Distance
US 70 Catawba Rd 2020 24,500 0.13 mi
Catawba Rd Hwy 70 2018 26,500 0.13 mi
US Hwy 70 Greenfield Heights Blvd 2004 24,000 0.19 mi
Stratford Rd Devonshire Dr 2001 1,500 0.28 mi
Greenfield Heights Blvd Sunset Ave 2004 3,800 0.29 mi
Catawba Road State Rd 1765 2019 5,800 0.29 mi
Ketner Blvd State Rd 1765 2001 1,800 0.56 mi
W Main St State Rd 1765 2019 31,000 1.24 mi
W Main St State Rd 1765 2018 29,000 1.24 mi
US Hwy 70 W Main St 2004 28,000 1.28 mi

Listing Broker

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