| Price $2,860,656 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 6.10% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,225
| Lease Start
06-01-2024
| #Units
38,038
|
| Price/SF $1,285.69 | Expiration
05-31-2034
| Tenant Type Fast Food/QSR |
| NOI $174,500 | R. Term 10.0 | Ownership Fee Simple |
| Rent/SF
$78.43
| Increases 7.5%/5/yrs | Pop 5Mi 45,977 |
| Lot/AC 0.51 | Options 4/5yrs/7.5% | AHHI 5Mi $72,595 |
| | |
Starbucks is strategically located on Mt. Zion Road/IL 121, with access to 10,700 vehicles passing by daily. The property is positioned as an outparcel in a Rural King anchored shopping center, featuring three newly constructed well-known national tenants, including Starbucks, 7 Brew, and Take 5 Oil Change. Additionally, it is conveniently situated one mile south of Decatur Airport and within...
...New construction
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Highway close
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,484 | 18,762 | 43,725 |
| 2023 Total Population : | 1,527 | 19,307 | 44,744 |
| 2023 Employed Civilian Pop : | 821 | 9,397 | 19,969 |
| 2023 Total Businesses : | 156 | 516 | 1,887 |
| 2023 Average Household Income : | $ 106,596 | $ 89,195 | $ 73,264 |
| 2023 Total Consumer Spending : | $ 60 M | $ 671 M | $ 1243 M |
| 2023 Median Age : | 50 | 46 | 42 |
| 2023 Total Households : | 664 | 8,694 | 19,473 |
| 2023 Pop Age 25+: Bachelor's Degree : | 196 | 2,689 | 4,673 |
| 2023 Average Home Value : | $ 199,159 | $ 176,709 | $ 151,144 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E Maryland St | S Mount Zion Rd | 2015 | 2,550 | 0.08 mi |
| US Hwy 36 | Ocean Trl | 2017 | 7,500 | 0.10 mi |
| S Mount Zion Rd | Hwy 36 | 2017 | 13,500 | 0.14 mi |
| IL 121 | Aldi Dr | 2021 | 10,700 | 0.19 mi |
| Aldi Dr | S Mount Zion Rd | 2017 | 5,600 | 0.20 mi |
| 2019 | 6,350 | 0.24 mi | ||
| Ocean Trl | S Twin Bridge Rd | 2015 | 950 | 0.38 mi |
| E Maryland St | S Ment Dr | 2015 | 5,300 | 0.41 mi |
| US Hwy 36 | Airport Plz | 2017 | 11,800 | 0.41 mi |
| S Twin Bridge Rd | Ocean Trl | 2015 | 400 | 0.41 mi |
Augusta, GA
Cap Rate 6.50%
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Hilton Head Island, SC
Cap Rate 6.50%
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Cap Rate 6.00%
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Burnsville, MN
Cap Rate 6.50%
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Las Cruces, NM
Cap Rate 5.84%
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Fort Worth, TX
Cap Rate 5.15%
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R. Term 14.60 yrs
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Rockmart, GA
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Baton Rouge, LA
Cap Rate 6.75%
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R. Term 13.80 yrs
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Roxboro, NC
Cap Rate 6.25%
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R. Term 12.50 yrs
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Hendersonville, TN
Cap Rate 5.20%
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R. Term 14.11 yrs
Size/SF 950
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
