Starbucks

795 Wisconsin 136, Baraboo, WI 53913

$2,166,667

Cap Rate 6.00%

Views: 96 DOM: 302 Updated: 11.11.24 Posted: 01.24.24 Status: Active

Summary

Price $2,166,667	Built/Renov 2023	Tenant Starbucks
Cap Rate 6.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 2,460	Lease Start 05-01-2024	#Units 38,038
Price/SF $880.76	Expiration 04-30-2039	Tenant Type Fast Food/QSR
NOI $130,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $52.85	Increases 4.0%/5/yrs	Pop 5Mi 18,020
Lot/AC 0.75	Options 4/5yrs/4%	AHHI 5Mi $85,844

Matt McParland

Mid-America Real Estate

Contact

Lease Highlights

Brand new 2023 construction
Starbucks recently signed a brand new 15-year lease with 4 (5-year) options to extend
The lease features 4% rental increases every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

This brand-new Starbucks, equipped with a drive-thru is strategically located on Highway 136 which sees 9,500+ vehicles passing by daily. The site benefits from limited competition as it is the company’s only location in Baraboo, and there are no locations within a 10-mile radius of the subject property. Nearby national retailers include O’Reilly Auto Parts, Dollar Tree, AutoZone, Walmart, and...

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Key Features

New construction
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee

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Links

Starbucks Wikipedia Starbucks Wikipedia Baraboo, Wisconsin Zip Code 53913 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 :	2,167	14,989	17,846
2023 Total Population :	2,216	15,169	18,020
2023 Employed Civilian Pop :	1,222	8,362	9,988
2023 Total Businesses :	189	785	866
2023 Average Household Income :	$ 78,865	$ 83,404	$ 85,844
2023 Total Consumer Spending :	$ 63 M	$ 481 M	$ 575 M
2023 Median Age :	37	40	41
2023 Total Households :	925	6,655	7,734
2023 Pop Age 25+: Bachelor's Degree :	288	2,210	2,659
2023 Average Home Value :	$ 199,954	$ 230,777	$ 241,052

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Highway 136	Hwy 12	2021	8,100	0.05 mi
Sauk Avenue	Hwy 12	2021	1,600	0.17 mi
South Boulevard	Hitchcock St	2021	13,600	0.18 mi
		2021	1,800	0.29 mi
US Hwy 12	South Blvd	2017	14,700	0.35 mi
WI 136		2021	3,500	0.40 mi
		2021	2,800	0.45 mi
South Blvd	Moore St	2017	11,800	0.45 mi
Moore St	Lynn Ave	2011	1,500	0.50 mi
US 12 Business		2021	2,200	0.51 mi

Listing Broker

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