Starbucks

2000 Freedom Road, Little Chute, WI 54140

$1,968,000

Cap Rate 6.00%

Views: 117 DOM: 102 Updated: 08.14.24 Posted: 05.28.24 Status: Active

Summary

Price $1,968,000	Built/Renov 2022	Tenant Starbucks
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,460	Lease Start 03-01-2023	#Units 38,038
Price/SF $800.00	Expiration 02-28-2038	Tenant Type Fast Food/QSR
NOI $118,080	R. Term 13.5	Ownership Fee Simple
Rent/SF $48.00	Increases 5.0%/13/yrs	Pop 5Mi 101,728
Lot/AC 1.41	Options 4/5yrs/5%	AHHI 5Mi $103,848

Matt McParland

Mid-America Real Estate

Contact

Lease Highlights

New 2022 construction
Starbucks has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 5% rental escalations at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Freedom Road, E Elm Drive, and Kelly Road, with access to a combined daily traffic count of 9,700 vehicles daily. Its proximity to Interstate 41 (World War II Memorial Highway), a major Wisconsin highway, enhances its accessibility. Additionally, a 1.09-acre prime development parcel adjacent to the property is...

...

Key Features

New construction
Signalized intersection
Near major nationals
Strategically located
Strong demographics
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Starbucks Wikipedia Starbucks Wikipedia Little Chute, Wisconsin Zip Code 54140 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,134	44,231	103,355
2023 Total Population :	6,084	43,086	101,728
2023 Employed Civilian Pop :	3,451	23,013	54,637
2023 Total Businesses :	244	1,294	2,827
2023 Average Household Income :	$ 82,183	$ 97,762	$ 103,848
2023 Total Consumer Spending :	$ 182 M	$ 1496 M	$ 3638 M
2023 Median Age :	37	39	39
2023 Total Households :	2,561	17,728	40,694
2023 Pop Age 25+: Bachelor's Degree :	674	6,379	17,073
2023 Average Home Value :	$ 279,284	$ 270,505	$ 276,223

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Freedom Rd	E Elm Dr	2016	7,700	0.04 mi
Freedom Road	Jay St	2019	8,700	0.11 mi
US Hwy 41	Freedom Rd	2019	3,100	0.20 mi
US Hwy 41	Freedom Rd	2019	6,400	0.21 mi
		2019	3,200	0.28 mi
US Hwy 41	Freedom Rd	2019	6,700	0.29 mi
E Elm Dr	Franklin St	2019	990	0.30 mi
E Florida Ave	Ceil St	2006	1,300	0.31 mi
	Hwy 41	2019	58,400	0.39 mi
Freedom Rd	Hwy 41	2016	6,700	0.40 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT