Starbucks
Retail | 6.38% CAP | 2,511 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a single-tenant Starbucks in Caro, MI (the "Property”). The Property was built in 2025 and consists of a brand new 2,511-square-foot freestanding building situated on a large ~1.1-acre parcel with ample parking and a drive-thru. The Property is 100% occupied by Starbucks under a passive net lease with landlord responsibilities limited to the building's roof, structure, and parking lot. The lease also features rental increases every five (5) years, including during each renewal option, offering investors a hedge against inflation.
Investment highlights
New 10-Year Net Lease with Rental Increases
Brand New 2025 Construction with Roof Warranty
Outparcel to Walmart Supercenter
No Coffee Competition
Large Parcel With Drive-Thru & Ample Parking
Primary Retail Trade Area
Best-in-Class Tenant with Strong Corporate Guaranty
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