Listed by Lee Realty Group
$1,695,000
Starbucks Drive Thru
Details
APN 006-460-26
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 779
Units 1
Cap Rate 3.20%
NOI $60,345
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 5
Lease Expiration 04/30/2035
Remaining Term 12.2
Rent Bumps Yes
Lease Options Four, Five-Year Options
Pro-Forma Cap Rate 6.31%
Pro-Forma NOI $106,905
Broker Co-Op Yes
Year Built 1990
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.440
Parking Spaces 17 spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/31/2020
Rent Commencement 12/31/2019
Occupancy Date 01/31/2020
Sale Condition 1031 exchange
Retail | LONG TERM BASE RENT 12 YEARS & 4 RENEWAL OPTIONS 5 YEARS EACH -NET LEASE STARBUCKS FOR SALE
Investment highlights
- Terms and Condition : landlord has limited responsibilities Newly Renewed10 Years Base Rent & Four 5 Years Option Newly upgraded and renovation interior and Experior Rent increases 10% Every 5 Years
- Total Building & Land Size : +/-779 SF | Drive-Thru ONLY, +/- 0.44 Acres
- Property Info: Year Built 1990 Rent Commencement January 2020 Generous lot size of +_ 18,971 s.f., with 17 parking Space
Listing Contacts
Listed by Lee Realty Group
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$60,345.00
$5,028.75/mo
Valuation Metrics
0
DSCR
3.56%
Cap Rate
3.56%
ROI
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