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Views: 149 DOM: 267 Updated: 06.03.24 Posted: 02.28.24 Status: Active

Summary

Price $2,435,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 5.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,225
Lease Start 03-01-2024
#Units 36,000
Price/SF $1,094.38
Expiration 02-28-2034
Tenant Type Fast Food/QSR
NOI $140,000
R. Term 9.3
Ownership Fee Simple
Rent/SF $62.92
Increases 7.5%/5/yrs
Pop 5Mi 14,592
Lot/AC 1.20
Options 4/5yrs/7.5%
AHHI 5Mi $66,372

Lease Highlights

  • Brand-new 2024 construction
  • Starbucks will be executing a brand-new 10-year lease with 4 (5-year) options to extend at the close of escrow
  • The lease features 7.5% rental escalations throughout the initial term and each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on E Main Street, with access to 18,487 vehicles passing by daily. Positioned as an outparcel to Walmart Supercenter (1.8 million annual visits) and Lowe’s Home Improvement (454K annual visits). Adjacent to the #1 Burger King in the State of Arkansas, recognized by Placer.ai. Furthermore, the property is situated within a busy retail corridor, surrounded by...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:36,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NASDAQ: SBUX

About 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 473 10,185 13,959
2023 Total Population : 498 10,690 14,592
2023 Employed Civilian Pop : 223 4,737 6,462
2023 Total Businesses : 137 639 781
2023 Average Household Income : $ 65,819 $ 64,192 $ 66,372
2023 Total Consumer Spending : $ 13 M $ 247 M $ 349 M
2023 Median Age : 36 37 37
2023 Total Households : 225 4,369 5,973
2023 Pop Age 25+: Bachelor's Degree : 47 762 1,020
2023 Average Home Value : $ 129,259 $ 141,936 $ 139,326
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
AR 18 Stracener Rd 2021 16,000 0.10 mi
18 S Porter Dr 2021 3,900 0.21 mi
18 N Porter Dr 2021 3,200 0.24 mi
South Porter Drive Access Rd 2021 2,000 0.31 mi
South Porter Drive E Main St 2021 3,800 0.32 mi
North Porter Drive Access Rd 2021 3,400 0.32 mi
North Service Road E Main St 2021 4,900 0.35 mi
S Svc Rd E Main St 2017 5,200 0.35 mi
S Service Road E Main St 2021 1,800 0.36 mi
N Porter Dr Access Rd 2017 2,200 0.37 mi

Listing Broker

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