Starbucks

17332 I-30 Frontage Rd, Benton, AR 72019

$2,521,739

Cap Rate 5.75%

Views: 187 DOM: 562 Updated: 08.27.24 Posted: 05.09.23 Status: Active

Summary

Price $2,521,739	Built/Renov 2023	Tenant Starbucks
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,225	Lease Start 06-12-2023	#Units 36,000
Price/SF $1,133.37	Expiration 06-30-2033	Tenant Type Fast Food/QSR
NOI $145,000	R. Term 8.7	Ownership Fee Simple
Rent/SF $65.17	Increases 7.5%/5/yrs	Pop 5Mi 51,801
Lot/AC 0.91	Options 4/5yrs/7.5%	AHHI 5Mi $85,139

Lease Highlights

Brand new 2023 construction
Starbucks recently signed a brand-new 10-year lease with 4 (5-year) options to extend
Lease features 7.5% rental increases starting year 6 and at the beginning of each option period
Double NN lease with landlord responsible for roof, structure and parking areas
Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)

Location Description

The brand new Starbucks property is strategically located directly along Interstate 30 Frontage Road (8,300 VPD) with convenient access onto Interstate 30 (92,000 VPD), a major US highway traversing from Fort Worth, TX to Little Rock, AR. The site is positioned as an outparcel to the Hickory Square Shopping Center, which is home to Cinemark Tinseltown USA (14 screens), the 29,000-square-foot...

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Key Features

New construction
Shopping Ctr out-parcel
Strategically located
Freeway close
Highway location
Top 100 MSA
Affluent suburb location
Brand new lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Benton, Arkansas Zip Code 72019 Broker Site Page

Maps

Local Information

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 :	1,474	20,318	72,841
2023 Total Population :	1,405	19,292	67,687
2023 Employed Civilian Pop :	714	9,238	33,401
2023 Total Businesses :	76	466	2,020
2023 Average Household Income :	$ 150,685	$ 149,512	$ 133,311
2023 Total Consumer Spending :	$ 69 M	$ 956 M	$ 2956 M
2023 Median Age :	43	42	38
2023 Total Households :	545	7,522	25,848
2023 Pop Age 25+: Bachelor's Degree :	231	3,785	12,990
2023 Average Home Value :	$ 506,965	$ 399,790	$ 355,114

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 71	Peach Orchard Rd	2021	39,000	0.04 mi
US Hwy 71	I- 540	2017	52,000	0.08 mi
		2008	5,888	0.12 mi
McNelly Rd	Frontage Rd	2008	7,955	0.16 mi
		2019	9,200	0.28 mi
West McNelly Road	NW Creekstone Blvd	2021	11,000	0.29 mi
Bella Vista Way	McNelly Rd	2008	42,955	0.30 mi
		2019	4,800	0.36 mi
		2019	8,700	0.44 mi
		2019	5,500	0.59 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
15515 Views
62 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
15694 Views
60 Sold

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Thomas Carr

CBRE: NLPG Atlanta

Contact

135 Listings
15674 Views
63 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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