Starbucks

210 Hamilton Street, Syracuse, NY 13204

$2,300,000

Cap Rate 5.22%

View OM

DOM: 156 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 8.7	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...

...

Key Features

New construction
New prototype
Near major nationals
Trophy location
University college close
Highway close
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

...

Links

Starbucks Wikipedia Starbucks Wikipedia Syracuse, NY Zip Code 13204 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	11,274	112,158	220,759
2025 Total Population :	11,508	113,134	223,772
2025 Employed Civilian Pop :	5,885	46,261	99,835
2025 Total Businesses :	617	5,123	8,527
2025 Average Household Income :	$ 69,591	$ 72,468	$ 82,018
2025 Total Consumer Spending :	$ 341 M	$ 2992 M	$ 6776 M
2025 Median Age :	34	33	36
2025 Total Households :	5,549	46,807	94,131
2025 Pop Age 25+: Bachelor's Degree :	1,758	12,661	29,358
2025 Average Home Value :	$ 213,446	$ 232,346	$ 239,643

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Genesee St	N Lowell Ave	2008	22,110	0.05 mi
W Fayette St	Schuyler St	2019	5,116	0.09 mi
West Fayette Street	S Wilbur Ave	2021	4,415	0.10 mi
West Genesee Street	N Terry Rd	2018	15,742	0.10 mi
W Fayette St	School St	2019	3,721	0.16 mi
State Fair Boulevard	Waite Ave	2021	3,365	0.24 mi
Milton Ave	Schuyler St	2019	1,568	0.24 mi
	Waite Ave	2021	221	0.27 mi
Tompkins Street	Emerson Ave	2021	3,213	0.29 mi
West Fayette Street	Tennyson Ave	2021	4,367	0.37 mi

Listing Broker

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