Starbucks

945 South Amity Road, Conway, AR 72032

$3,117,100

Cap Rate 6.00%

Views: 48 DOM: 30 Updated: 11.14.24 Posted: 10.22.24 Status: Active

Summary

Price $3,117,100	Built/Renov 2024	Tenant Starbucks
Cap Rate 6.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 2,480	Lease Start 01-01-2025	#Units 38,038
Price/SF $1,256.90	Expiration 02-28-2035	Tenant Type Fast Food/QSR
NOI $187,027	R. Term 10.3	Ownership Fee Simple
Rent/SF $75.41	Increases 7.5%/5/yrs	Pop 5Mi 68,587
Lot/AC 1.05	Options 4/5yrs/7.5%	AHHI 5Mi $77,961

Lease Highlights

Brand new 2024 construction
New 10-year lease with 4 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term and 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 S Amity Road, surrounded by notable national tenants, including Walmart, Kroger, Tractor Supply Co., Lowe's, Hobby Lobby, and more. Nearby educational institutions include Conway High School, Simon Middle School, and Ellen Smith Elementary School, among others. The 5-mile trade area caters to a population of 68,587 with an average household income of...

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Key Features

New construction
Near major nationals
Freeway close
Top 100 MSA
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Conway, Arkansas Zip Code 72032 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

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
21968 Views
58 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23585 Views
62 Sold

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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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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