Starbucks

1589 Main Street, San Luis, AZ 85349

$2,950,000

Cap Rate 5.00%

Views: 164 DOM: 592 Updated: 10.18.24 Posted: 05.08.23 Status: Active

Summary

Price $2,950,000	Built/Renov 2022	Tenant Starbucks
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,403	Lease Start 09-01-2022	#Units 38,038
Price/SF $1,227.63	Expiration 08-31-2032	Tenant Type Fast Food/QSR
NOI $147,500	R. Term 7.8	Ownership Fee Simple
Rent/SF $61.38	Increases 10.0%/4/yrs	Pop 5Mi 27,175
Lot/AC 0.81	Options 4/5yrs/10%	AHHI 5Mi $50,647

Christopher DePierro

Faris Lee Investments

Contact

Lease Highlights

Brand new 2022 construction
Starbucks recently signed a brand new 10 year lease with 4 (5-year) options
Lease features 10% rental increases throughout the initial term and at each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)

Location Description

The subject property is a brand new Starbucks, constructed in 2022, which is strategically located as a Walmart out-parcel at the busy retail intersection of E County 22nd St (7427 VPD) and N Main Street (16,744 VPD). The site is located in a prime development location, with several retailers slated to be coming to the area including Cleanfreak Car Wash, Burger King, and AEA Federal Credit...

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Key Features

New construction
Near major nationals
WalMart out-parcel
Strategically located
Highway location
Strong tenant synergy
Business growth area
Brand new lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia San Luis, Arizona Zip Code 85349 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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,729	25,243	31,614
2023 Total Population :	7,784	25,341	31,446
2023 Employed Civilian Pop :	2,650	8,876	10,338
2023 Total Businesses :	77	233	251
2023 Average Household Income :	$ 48,862	$ 65,738	$ 69,766
2023 Total Consumer Spending :	$ 90 M	$ 382 M	$ 499 M
2023 Median Age :	28	28	29
2023 Total Households :	2,109	6,615	8,157
2023 Pop Age 25+: Bachelor's Degree :	208	1,113	1,323
2023 Average Home Value :	$ 138,275	$ 176,306	$ 192,334

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
County 22nd Street South	S Ave J	2019	9,123	0.11 mi
Avenue J	Piceno Dr	2004	12,927	0.22 mi
Main Street	D St	2021	19,726	0.92 mi
Avenue J	Piceno Dr	2021	17,648	0.93 mi
D Street	1st St	2021	16,147	1.07 mi
US 95	B St	2020	17,645	1.19 mi
Main Street	B St	2021	19,886	1.19 mi
1st Avenue	B St	2021	11,429	1.25 mi
Avenue J	Co 20 1/2 St S	2002	12,258	1.40 mi
10th Avenue	Fuentes	2019	6,770	2.31 mi

Listing Broker

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