Starbucks

1220 W 18th St S, Newton, IA 50208

$2,360,000

Cap Rate 6.36%

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DOM: 1 Updated: 09.15.25 Posted: 09.15.25 Status: Active 09.15.25

Summary

Price $2,360,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.36%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,232	Lease Start 03-14-2024	#Units 38,038
Price/SF $1,057.35	Expiration 07-31-2034	Tenant Type Fast Food/QSR
NOI $149,990	R. Term 0.00	Ownership Fee Simple
Rent/SF $67.20	Increases 7.5%/6/yrs	Pop 5Mi 19,274
Lot/AC 0.66	Options 4/5yrs/7.5%	AHHI 5Mi $69,048

Highlights

Brand new Starbucks drive-thru, opened March 2024.
10-year corporate NNN lease with four 5-year renewal options.
Rent escalates 7.5% every five years, including options.
Fee simple ownership of new 2,232 SF building.
Located along Interstate 80 with ±30,000 vehicles per day.
Surrounded by Hy-Vee, Walgreens, McDonald’s, Burger King, and Casey’s.
Offered at $2,360,000 with initial NOI of $149,990.
Five-mile trade area: 19,274 residents, $69,048 average household income.

Location Description

Starbucks is strategically located along W 18th Street S in Newton, Iowa, with access to a daily traffic count of approximately 30,000 vehicles along Interstate 80 and 9,000 vehicles along U.S. Highway 6. The site is surrounded by major national retailers including Hy-Vee, Walgreens, McDonald’s, etc, driving consistent consumer traffic to the area. The property is located near several schools,...

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Key Features

New construction
New prototype
Major thoroughfare
Near major nationals
Top 100 MSA
Business growth area
Brand new lease
Strong sales history
Traded and rated company
Corporate Guarantee

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Links

Starbucks Wikipedia Starbucks Wikipedia Zip Code 50208 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Listing Broker

Hunter Steffien

Faris Lee Investments

Contact

24 Listings
7735 Views
12 Sold

Tyler Strauss

Faris Lee Investments

Contact

19 Listings
5588 Views
9 Sold

Hunter Steffien

As a Director at Faris Lee Investments, Hunter Steffien specializes in the acquisition and disposition of net leased investments with a specific focus Single Tenant Assets. Mr. Steffien hit the ground running with Faris Lee Investments by quickly becoming a top performer in the company and earning an astounding reputation amongst his clients who consist of private-office owners, developers, REITS, franchisees & corporate restaurant chains. Mr. Steffien’s early and continued success is based

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Tyler Strauss

As an Associate at Faris Lee Investments, Mr. Strauss specializes in the acquisition and disposition of single-tenant net leased investments, national portfolios and sale/leasebacks nationwide. Furthermore, Tyler specializes in creative solutions including but not limited to lease structure, development advisory, break-ups, and pre-sale strategies. In addition, his clients benefit from his financial counsel and ability to produce customized marketing programs to maximize the best outcome. Mr. S

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