Starbucks

3101 Missouri 7, Blue Springs, MO 64014

$2,640,000

Cap Rate 6.15%

Views: 78 DOM: 72 Updated: 08.06.24 Posted: 06.27.24 Status: Active

Summary

Price $2,640,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.15%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 2,312	Lease Start 11-15-2024	#Units 38,038
Price/SF $1,141.87	Expiration 02-28-2037	Tenant Type Fast Food/QSR
NOI $162,440	R. Term 12.5	Ownership Fee Simple
Rent/SF $70.26	Increases 8.0%/8/yrs	Pop 5Mi 95,478
Lot/AC 0.59	Options 4/5yrs/7.5%	AHHI 5Mi $109,342

Lease Highlights

Brand-new 2024 construction
New 12-year lease with 4 (5-year) options to extend
The lease features 8% rental escalations throughout the initial term and 7.5% at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on SW 7 Highway, with access to 29,000 vehicles passing by daily. The property is surrounded by well-known national tenants including Subway, Walgreens, Dollar General, Casey's, McDonald's, and more, with future developments adjacent. Key community institutions in the vicinity include Blue Springs High School, Metropolitan Community College - Blue River,...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Blue Springs, Missouri Zip Code 64015 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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Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11546 Views
62 Sold

Bill Asher

Hanley Investment Group

Contact

142 Listings
11823 Views
60 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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