A+ Tenant – Turnkey Starbucks with $240K NOI
Property Description
OFFERING SUMMARY
PRICE: $5,500,000
NET OPERATING INCOME: $240,000
CAPITALIZATION RATE: 4.36%
NET RENT ABLE AREA: 1,411 sq.ft
STORE OPENING: TBD 2025
TENANT LEASE SUMMARY
LEASE: STARBUCKS CORPORATION
LEASE COMMENCEMENT: 10/1/2025
LEASE EXPIRATION: 10/1/2035
LEASE TERM: 10 YEARS + 20YR OPTIONS
CURRENTLY MONTHLY BASE RENT: $20,000
CURRENTLY ANNUAL BASE RENT: $240,000
RENTAL INCREASES: 5% EVERY 5 YEARS (OCT 2030)
RENEWAL OPTIONS: FOUR 5-YR @ 5% EACH OPTION
LEASE TYPE: NN+(ROOF/STRUCTURE LANDLORD)
TENANT DRIVE THRU STACK: 12
TENANT PARKING: 7
PRICE: $5,500,000
NET OPERATING INCOME: $240,000
CAPITALIZATION RATE: 4.36%
NET RENT ABLE AREA: 1,411 sq.ft
STORE OPENING: TBD 2025
TENANT LEASE SUMMARY
LEASE: STARBUCKS CORPORATION
LEASE COMMENCEMENT: 10/1/2025
LEASE EXPIRATION: 10/1/2035
LEASE TERM: 10 YEARS + 20YR OPTIONS
CURRENTLY MONTHLY BASE RENT: $20,000
CURRENTLY ANNUAL BASE RENT: $240,000
RENTAL INCREASES: 5% EVERY 5 YEARS (OCT 2030)
RENEWAL OPTIONS: FOUR 5-YR @ 5% EACH OPTION
LEASE TYPE: NN+(ROOF/STRUCTURE LANDLORD)
TENANT DRIVE THRU STACK: 12
TENANT PARKING: 7
About the Property
- Type
- Retail
- Building Status
- Under Construction
- Facilities & Assets
- PRICE: $5,500,000
NET OPERATING INCOME: $240,000
CAPITALIZATION RATE: 4.36%
NET RENT ABLE AREA: 1,411 sq.ft
STORE OPENING: TBD 2025 - Location Description
- Corporate Lease Guarantee – Backed directly by StarbucksCorporation (NASDAQ: SBUX), offering institutional-gradecreditworthiness.High Barrier-to-Entry Market – Limited availability for newdevelopment in this area makes this site a rare long-term hold.Surrounded by National Retailers – Located in a dense retailcorridor with established tenants, driving synergistic foot trafficand long-term demand.
- Current and Prior Use
- Strategic Hard Corner Location – Positioned at a signalizedintersection with multiple ingress/egress points for easy accessand optimal customer flow.
- Year Built
- 2025
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- 1031 / Cash
- Current Property Expenses
- LEASE: STARBUCKS CORPORATIONLEASE COMMENCEMENT: 10/1/2025LEASE EXPIRATION: 10/1/2035LEASE TERM: 10 YEARS + 20YR OPTIONSCURRENTLY MONTHLY BASE RENT: $20,000CURRENTLY ANNUAL BASE RENT: $240,000RENTAL INCREASES: 5% EVERY 5 YEARS (OCT 2030)RENEWAL OPTIONS: FOUR 5-YR @ 5% EACH OPTIONLEASE TYPE: NN+(ROOF/STRUCTURE LANDLORD)TENANT DRIVE THRU STACK: 12
Listing Info
- ID:
- 2407151
- Listing Views:
- 298
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2407151 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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