Starbucks

110 Alabama Road, Adel, GA 31620

$2,958,333

Cap Rate 6.00%

Views: 82 DOM: 131 Updated: 10.30.24 Posted: 06.21.24 Status: Active

Summary

Price $2,958,333	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 2,500	Lease Start 01-09-2024	#Units 38,038
Price/SF $1,183.33	Expiration 09-30-2034	Tenant Type Fast Food/QSR
NOI $177,500	R. Term 9.11	Ownership Fee Simple
Rent/SF $71.00	Increases 10.0%/5/yrs	Pop 5Mi 11,371
Lot/AC 0.98	Options 6/5yrs/10%	AHHI 5Mi $73,973

Lease Highlights

Starbucks has 9+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on Alabama Road, with access to 11,155 vehicles passing by daily. The property is positioned next to a Walmart Supercenter and in proximity to other well-known national tenants, including Burger King, Taco Bell, Wendy's, and more. Additionally, it is situated near Cook County Airport and is home to the South Georgia Motor Sports Park, Cook County's largest...

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Key Features

New construction
Roof guarantee
Dense retail corridor
Near major nationals
Freeway close
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Adel, Georgia Zip Code 31620 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...

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Listing Broker

Jordan Mulloy

Sands Investment Group

Contact

27 Listings
1456 Views
0 Sold

Andrew Ackerman

Sands Investment Group

Contact

64 Listings
7531 Views
26 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Doug Roland

Sands Investment Group

Contact

17 Listings
1547 Views
0 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
1820 Views
0 Sold

Doug Roland

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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