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| Price $3,905,000 | Built/Renov 2024 | Tenant Starbucks |
| Cap Rate 5.25% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
1,237
| Lease Start
09-11-2024
| #Units
38,038
|
| Price/SF $3,156.83 | Expiration
09-10-2034
| Tenant Type Fast Food/QSR |
| NOI $205,000 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$165.72
| Increases 10.0%/5/yrs | Pop 5Mi 23,591 |
| Lot/AC 0.62 | Options 4/5yrs/10% | AHHI 5Mi $70,515 |
| | |
Starbucks is strategically located on Commerce Parkway, with access to 86,000 vehicles passing by daily. The property is ideally situated at the Interstate 15 on/off ramp, a major north-south highway with 86,000 VPD. Additionally, there is a 65-foot pylon sign facing Interstate 15, and the property features a 24-car drive-thru stacking line. Moreover, this Starbucks drive-thru on the...
...New construction
High traffic 50M+ VPD
Dense retail corridor
Freeway visibility
Brand new lease
Long 10+ yr lease
Top performing store
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 : | 28 | 7,432 | 25,061 |
| 2023 Total Population : | 28 | 7,302 | 24,780 |
| 2023 Employed Civilian Pop : | 13 | 3,025 | 9,463 |
| 2023 Total Businesses : | 57 | 201 | 684 |
| 2023 Average Household Income : | $ 113,513 | $ 80,038 | $ 68,693 |
| 2023 Total Consumer Spending : | $ 0 M | $ 166 M | $ 505 M |
| 2023 Median Age : | 44 | 35 | 33 |
| 2023 Total Households : | 9 | 2,401 | 8,421 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2 | 509 | 1,499 |
| 2023 Average Home Value : | $ 204,167 | $ 232,464 | $ 201,456 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Commerce Pkwy | Lenwood Rd | 2003 | 7,110 | 0.09 mi |
| Lenwood Rd | 2022 | 57,000 | 0.19 mi | |
| 15 | 2018 | 70,000 | 0.31 mi | |
| Lenwood Rd | I 15 Ofrp N | 2003 | 12,349 | 0.31 mi |
| Lenwood Rd | High Desert Rd | 2003 | 12,988 | 0.38 mi |
| I- 15 | Lenwood Rd | 2012 | 58,000 | 0.41 mi |
| Mercantile Way | Factory Outlet Ave | 2003 | 1,764 | 0.57 mi |
| Lenwood Rd | Mercantile Way | 2003 | 1,492 | 0.74 mi |
| 15 | 2018 | 86,000 | 1.13 mi | |
| I 15 | 2022 | 66,500 | 1.14 mi |
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Azle, TX
Cap Rate 6.00%
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Cap Rate 4.25%
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Rialto, CA
Cap Rate 4.70%
Lease Abs NNN
R. Term 13.90 yrs
Size/SF 2,224
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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