loader
Join Free
Views: 94 Updated: 01.17.24 Posted: 10.03.23 Status: Inactive

Summary

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,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • 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...


...

Traffic

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity