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Views: 160 Updated: 08.23.24 Posted: 06.07.24 Status: Inactive 10.01.24

Summary

Price $2,800,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,500
Lease Start 08-01-2024
#Units 38,038
Price/SF $1,120.00
Expiration 07-31-2034
Tenant Type Fast Food/QSR
NOI $168,000
R. Term 9.9
Ownership Fee Simple
Rent/SF $67.20
Increases 10.0%/5/yrs
Pop 5Mi 21,219
Lot/AC 1.00
Options 6/5yrs/10%
AHHI 5Mi $97,819

Lease Highlights

  • Brand-new 2024 construction
  • Brand-new 10-year lease with 6 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for structure and parking
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the hard corner intersection of Lodge Lane and Interparcel Travelway. Situated as an outparcel to Factory Antique Mall, a shopping center anchored by Sundown Liquidations, the property is also adjacent to Augusta Plaza, a shopping center anchored by Food Lion. The site is further enhanced by Starbucks being one of only two coffee shops within a 5-mile...

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Maps

  • 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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