Sold Subscription Required
| Price $2,327,272 | Built/Renov 2023 | Tenant Starbucks |
| Cap Rate 5.50% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
2,250
| Lease Start
02-28-2024
| #Units
38,038
|
| Price/SF $1,034.34 | Expiration
02-28-2034
| Tenant Type Fast Food/QSR |
| NOI $128,000 | R. Term 9.2 | Ownership Fee Simple |
| Rent/SF
$56.89
| Increases 5.0%/5/yrs | Pop 5Mi 30,165 |
| Lot/AC 1.10 | Options 3/5yrs/10% | AHHI 5Mi $140,727 |
| | |
Starbucks is strategically located on Canal Street and offers visibility from US Route 6, which runs directly behind the property, providing access to a substantial daily traffic count of 63,100 vehicles. The property is situated just moments from the convergence of Canal Street, Meetinghouse Lane, State Route 3A, and US Route 6, particularly at the junction of US Route 6 and State Route 3A....
...New construction
High traffic 50M+ VPD
Near major nationals
Freeway visibility
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,662 | 13,313 | 31,360 |
| 2023 Total Population : | 3,544 | 12,978 | 30,583 |
| 2023 Employed Civilian Pop : | 2,309 | 7,297 | 16,867 |
| 2023 Total Businesses : | 140 | 601 | 1,138 |
| 2023 Average Household Income : | $ 135,058 | $ 144,162 | $ 139,187 |
| 2023 Total Consumer Spending : | $ 169 M | $ 677 M | $ 1492 M |
| 2023 Median Age : | 46 | 49 | 46 |
| 2023 Total Households : | 1,470 | 5,559 | 12,625 |
| 2023 Pop Age 25+: Bachelor's Degree : | 912 | 2,989 | 6,235 |
| 2023 Average Home Value : | $ 505,349 | $ 554,110 | $ 551,333 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Sagamore Bridge | Canal Sr | 2022 | 67,147 | 0.07 mi |
| RAMP-RT 6 WB TO SCENIC HWY EB | Scenic Hwy | 2021 | 3,937 | 0.09 mi |
| RAMP-RT 6 WB TO SCENIC HWY EB | Scenic Hwy | 2020 | 3,435 | 0.09 mi |
| Scenic Hwy | 2022 | 3,937 | 0.09 mi | |
| Brigantine Passage Dr | 2018 | 9,038 | 0.12 mi | |
| Scenic Hwy | 2022 | 9,672 | 0.12 mi | |
| RAMP-RT 6/SCENIC HWY TO RT 6 EB | Yellow Pine Rd | 2020 | 8,440 | 0.14 mi |
| Scenic Hwy | Brigantine Passage Dr | 2002 | 26,509 | 0.16 mi |
| CANAL STREET | Canal St | 2021 | 3,567 | 0.20 mi |
| Cape Pine Rd | 2022 | 3,158 | 0.23 mi |
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 950
Tempe, AZ
Cap Rate 5.25%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 1,575
Jacksonville, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 1,708
Delray Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 724
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 3.11 yrs
Size/SF 4,488
Beech Grove, IN
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,100
Indianapolis, IN
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,100
Jenison, MI
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 2,357
Burlington, NJ
Cap Rate 5.10%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 2,518
Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.40 yrs
Size/SF 890
Oklahoma City, OK
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 780
Abbeville, LA
Cap Rate 5.52%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,147
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,800
Shreveport,
Cap Rate 6.25%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 800
Strongsville, OH
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,860
Oak Creek, WI
Cap Rate 5.53%
Lease Abs NNN
R. Term 12.00 yrs
Size/SF 1,829
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,481
Visalia, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 4.50 yrs
Size/SF 3,016
Stillwater, OK
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 981
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.40 yrs
Size/SF 959
Jonesboro, GA
Cap Rate 6.50%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,933
Soledad, CA
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 950
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
Las Vegas, NV
Cap Rate 5.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 573
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
St. Augustine, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.40 yrs
Size/SF 950
Plano, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,095
Nashville, TN
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 950
Fairburn, GA
Cap Rate 6.50%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,460
East Liverpool, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 5,062
Davenport, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
Lagrangeville, NY
Cap Rate 5.10%
Lease NN+
R. Term 29.11 yrs
Size/SF 3,000
Berlin, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 2,400
Daytona Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 950
Haines City, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 5.00 yrs
Size/SF 2,500
Kansas City, MO
Cap Rate 5.30%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 950
Clermont, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 950
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
