Starbucks

2031 Oliver Lancaster Boulevard, Malvern, AR 72104

$2,838,533

Cap Rate 6.00%

Views: 129 DOM: 96 Updated: 08.27.24 Posted: 06.03.24 Status: Active

Summary

Price $2,838,533	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,540	Lease Start 06-01-2024	#Units 38,038
Price/SF $1,117.53	Expiration 06-01-2034	Tenant Type Fast Food/QSR
NOI $170,312	R. Term 9.8	Ownership Fee Simple
Rent/SF $67.05	Increases 7.5%/5/yrs	Pop 5Mi 16,115
Lot/AC 0.93	Options 4/5yrs/7.5%	AHHI 5Mi $60,371

Lease Highlights

Brand new 2024 construction
Brand new 10-year lease with 4 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on Oliver Lancaster Boulevard, with access to 20,000 vehicles passing by daily. The property features a 75-foot pylon sign that aids in attracting customers from Interstate 30, which sees a traffic count of 44,000 VPD, just a few feet away. Additionally, it is directly adjacent to Popeyes and McClard’s Bar-B-Q, and across Oliver Lancaster Boulevard from...

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Key Features

New construction
Build to suit
Strategically located
Freeway close
Strong tenant synergy
Brand new lease
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Malvern, Arkansas Zip Code 72104 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

Thomas Carr

CBRE: NLPG Atlanta

Contact

125 Listings
12351 Views
63 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

123 Listings
12162 Views
62 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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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

CBRE: NLPG Atlanta

Contact

123 Listings
12313 Views
60 Sold

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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