| Price $2,900,000 | Built/Renov 2023 | Tenant Starbucks |
| Cap Rate 5.00% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
1,500
| Lease Start
03-24-2023
| #Units
36,000
|
| Price/SF $1,933.33 | Expiration
03-31-2033
| Tenant Type Fast Food/QSR |
| NOI $145,000 | R. Term 8.10 | Ownership Fee Simple |
| Rent/SF
$96.67
| Increases 10.0%/4/yrs | Pop 5Mi 259,487 |
| Lot/AC 0.69 | Options 4/5yrs/10% | AHHI 5Mi $98,128 |
| | |
Starbucks is strategically located at the signalized, hard corner intersection of Cactus Avenue and Commerce Dr., with access to 38,200 vehicles passing by daily. Conveniently situated at the on-ramp to the 215 (Escondido) Freeway, the property enjoys high visibility and accessibility. Additionally, it is surrounded by well-known national tenants including Carl’s Jr., Jack in the Box, Harbor...
...New construction
Signalized intersection
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
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 : | 5,239 | 104,145 | 267,804 |
| 2023 Total Population : | 5,140 | 101,877 | 261,360 |
| 2023 Employed Civilian Pop : | 2,271 | 45,809 | 122,967 |
| 2023 Total Businesses : | 409 | 2,902 | 5,593 |
| 2023 Average Household Income : | $ 65,517 | $ 93,537 | $ 108,687 |
| 2023 Total Consumer Spending : | $ 77 M | $ 2317 M | $ 6830 M |
| 2023 Median Age : | 26 | 31 | 32 |
| 2023 Total Households : | 1,342 | 28,604 | 72,997 |
| 2023 Pop Age 25+: Bachelor's Degree : | 85 | 7,519 | 23,715 |
| 2023 Average Home Value : | $ 499,486 | $ 491,445 | $ 519,450 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Cactus Ave | Commerce Center Dr | 2006 | 43,300 | 0.02 mi |
| Cactus Avenue | Graeber St | 2017 | 40,600 | 0.12 mi |
| Elsworth St | Goldencrest Dr | 2006 | 7,700 | 0.24 mi |
| Cactus Ave | Newhope St | 2006 | 43,700 | 0.34 mi |
| 215 | 2018 | 154,000 | 0.39 mi | |
| 215 | 2018 | 150,000 | 0.41 mi | |
| 2022 | 139,500 | 0.44 mi | ||
| Alessandro Blvd | Pepper St | 2006 | 35,800 | 0.49 mi |
| Alessandro Blvd | Elsworth St | 2006 | 31,300 | 0.54 mi |
| Alessandro Blvd | Elsworth St | 2000 | 19,000 | 0.55 mi |
Peoria, AZ
Cap Rate 5.00%
Lease Abs NNN
R. Term 17.11 yrs
Size/SF 700
Colorado Springs, CO
Cap Rate 5.75%
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Size/SF 510
Silverdale, WA
Cap Rate 4.48%
Lease Abs NNN
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Size/SF 2,388
Las Cruces, NM
Cap Rate 5.84%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 2,868
Hendersonville, TN
Cap Rate 5.20%
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R. Term 14.11 yrs
Size/SF 950
Montgomery, AL
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 3,057
Rockmart, GA
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 2,000
Baker City, OR
Cap Rate 6.00%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 2,400
South Hill, VA
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 3,893
Vista, CA
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,050
Cameron Park, CA
Cap Rate 4.52%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 950
Fort Worth, TX
Cap Rate 5.15%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 3,153
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
