AVAILABILITY DETAILS
- Size
- 3,200 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA398543
- Notes
- "Cap Rate 4.15%
NOI $160,000
Building Size 3,200 sqft
Lot Area 0.49 acres
Lease Type Triple Net
Year Built 2005
Tenancy Single
Year Last Renovated 2020
Lease Expire Year 6/30/2030
Single-Tenant Corporate Starbucks Drive-Thru:
-New 2020 renovation
-New 10-year lease with 10% rental increases every 5 years
-Corporate guaranteed lease (NASDAQ: SBUX; S&P: BBB+); approximately 30,000 stores in 78 countries
Favorable Café with Drive-Thru Format: Approximately 60%-70% of all business for quick service restaurants comes through a drive-thru; average Starbucks store sales are approximately 50% greater in locations that have a drive-thru
Pad to Costco, Grocery Anchored Shopping Center: 100% occupied 144,034 square-foot shopping center that includes Costco, Lowe’s, Dollar Tree, Grocery Outlet, PetSmart, AT&T, Chili’s Grill & Bar, Del Taco, Valvoline, and Wells Fargo Bank"
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Kevin Fryman, Hanley Investment Group