Starbucks

210 Hamilton Street, Syracuse, NY 13204

$2,300,000

Cap Rate 5.22%

DOM: 6 Updated: 06.05.25 Posted: 06.05.25 Status: Active

Summary

Price $2,300,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 5.22%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 1,625	Lease Start 06-01-2024	#Units 38,038
Price/SF $1,415.38	Expiration 06-30-2034	Tenant Type Fast Food/QSR
NOI $120,060	R. Term 9.0	Ownership Fee Simple
Rent/SF $73.88	Increases 10.0%/5/yrs	Pop 5Mi 227,555
Lot/AC 0.00	Options 4/5yrs/10%	AHHI 5Mi $74,449

Jonathan Hipp

Avison Young: Capital Markets

Contact

Highlights

Starbucks has 9+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features a 10% rental increase in year six, with additional 10% increases at the beginning of each option
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

A newly constructed 2024 Starbucks is strategically located at the hard corner of North Lowell Avenue and West Genesee Street, with access to 15,462 vehicles per day. The property is just 3.5 miles from the Syracuse University campus and is situated in a prime location along Route 5, which experiences 45,579 VPD. Additionally, it benefits from convenient access to nearby I-81, with...

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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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