Starbucks

1085 Mid City Drive, Huntsville, AL 35805

$4,650,000

Cap Rate 4.41%

Views: 57 DOM: 87 Updated: 07.16.24 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 9.1	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 escalations throughout the initial 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...

...

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

...

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...

...

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

165 Listings
17944 Views
56 Sold

Jereme Snyder

Colliers NNN Group

Contact

153 Listings
16666 Views
53 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

...

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

...

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