Starbucks

1085 Mid City Drive, Huntsville, AL 35805

$4,650,000

Cap Rate 4.41%

Views: 104 DOM: 161 Updated: 10.25.24 Posted: 06.13.24 Status: Active

Summary

Price $4,650,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 4.41%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 2,500	Lease Start 10-15-2023	#Units 38,038
Price/SF $1,860.00	Expiration 10-31-2033	Tenant Type Fast Food/QSR
NOI $205,000	R. Term 8.11	Ownership Fee Simple
Rent/SF $82.00	Increases 10.0%/5/yrs	Pop 5Mi 119,168
Lot/AC 0.69	Options 6/5yrs/10%	AHHI 5Mi $86,705

Lease Highlights

Brand new 2024 construction
Starbucks has 9 years remaining on the current lease term with 6 (5-year) options to extend
The lease features 5% rental increases every 5 years throughout the primary term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on Mid City Drive, with access to a high daily traffic count of 53,300 vehicles. The property is close to State Route 255, which sees 60,400 VPD, and is surrounded by well-known national tenants such as Walmart Supercenter, Best Buy, Sam’s Club, Target, ALDI, HomeGoods, and more. The 5-mile trade area is supported by a population of 119,168 residents with an...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Trophy location
Strong demographics
Major MSA
Favorable NN+ lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Huntsville, Alabama Zip Code 35806 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	6,391	53,421	134,081
2024 Total Population :	5,134	47,480	123,751
2024 Employed Civilian Pop :	2,778	24,609	60,953
2024 Total Businesses :	696	2,717	6,846
2024 Average Household Income :	$ 61,719	$ 81,093	$ 87,177
2024 Total Consumer Spending :	$ 148 M	$ 1581 M	$ 4177 M
2024 Median Age :	27	32	35
2024 Total Households :	2,697	21,930	54,085
2024 Pop Age 25+: Bachelor's Degree :	1,021	8,975	22,007
2024 Average Home Value :	$ 240,397	$ 327,854	$ 335,734

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 72		2021	52,969	0.16 mi
University Dr NW	Rideout Rd NW	2017	55,730	0.17 mi
	Rideout Rd NW	2021	3,412	0.20 mi
Old Monrovia Rd NW	Avrocet Way	2017	6,670	0.24 mi
	Rideout Rd NW	2021	5,186	0.31 mi
	Rideout Rd NW	2021	2,074	0.32 mi
	Rideout Rd NW	2021	7,932	0.34 mi
	Rideout Rd NW	2021	12,528	0.35 mi
Sanderson Road Northwest	Avrocet Way	2020	8,476	0.40 mi
Sanderson Road Northwest	Holmes Ave NW	2021	8,476	0.40 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23580 Views
62 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
21963 Views
58 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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