Price $3,100,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
Size/SF
1,000
| Lease Start
09-15-2023
| #Units
36,000
|
Price/SF $3,100.00 | Expiration
02-28-2034
| Tenant Type Fast Food/QSR |
NOI $155,000 | R. Term 10.2 | Ownership Fee Simple |
Rent/SF
$155.00
| Increases 10.0%/5/yrs | Pop 5Mi 116,640 |
Lot/AC 0.83 | Options 4/5yrs/10% | AHHI 5Mi $83,915 |
| |
Starbucks is strategically located at the signalized, hard corner intersection of California Highway 59 and Olive Avenue, with a combined traffic count of 38,000 vehicles passing by daily. The property is ideally located along Olive Avenue, which is Merced's primary commercial and retail corridor, and is in close proximity to national retailers such as Walmart, Lowe’s, Hobby Lobby, Target,...
...New construction
Signalized intersection
Dense retail corridor
Highway location
Dense 100M+ pop 5 mi
Strong demographics
Brand new lease
Favorable NN+ 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 : | 10,303 | 83,186 | 119,827 |
2023 Total Population : | 10,225 | 82,572 | 118,971 |
2023 Employed Civilian Pop : | 3,830 | 30,640 | 44,789 |
2023 Total Businesses : | 301 | 2,474 | 2,885 |
2023 Average Household Income : | $ 59,650 | $ 69,287 | $ 76,282 |
2023 Total Consumer Spending : | $ 185 M | $ 1605 M | $ 2452 M |
2023 Median Age : | 30 | 30 | 31 |
2023 Total Households : | 3,525 | 26,571 | 36,942 |
2023 Pop Age 25+: Bachelor's Degree : | 877 | 5,478 | 9,120 |
2023 Average Home Value : | $ 276,875 | $ 396,337 | $ 410,303 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W Olive Ave | Loughborough Dr | 2006 | 35,146 | 0.07 mi |
Snelling Highway | Santa Fe Rd | 2021 | 13,000 | 0.09 mi |
N Santa Fe Ave | Snelling Hwy | 2012 | 19,673 | 0.19 mi |
Loughborough Dr | Conestoga Dr | 2006 | 8,666 | 0.19 mi |
Snelling Hwy | N Santa Fe Ave | 2017 | 12,000 | 0.23 mi |
Snelling Hwy | Willowbrook Dr | 2010 | 21,740 | 0.26 mi |
Cooper Ave | Snelling Hwy | 2006 | 7,083 | 0.28 mi |
W Olive Ave | Austin Ave | 2006 | 31,360 | 0.34 mi |
Loughborough Dr | Olympia Ct | 2006 | 4,953 | 0.44 mi |
W North Bear Creek Dr | Creekside Dr | 2006 | 1,505 | 0.47 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]