Starbucks & T-Mobile Shops
Starbucks & T-Mobile Shops | 7.45% CAP | 10,502 SF
Marketing description
Investment Summary: High-Traffic NNN Retail Opportunity with Credit Tenants
This premier NNN-leased investment features nationally recognized corporate tenants—Starbucks and T-Mobile, both boasting BBB+ credit ratings and a combined market cap of $292 billion. With 7 years of remaining lease term and built-in income growth through a 7.3% rent increase in 2027, this asset offers both long-term security and near-term upside.
Strategically located on a signalized hard corner along N Kansas Ave and E 15th St, the site benefits from 15,700 VPD, the highest traffic volume in a 20-mile radius. As an outparcel to a high-performing Dillon’s Grocery & Fuel Center—which sees over 1.12 million annual visits—this location is a prime retail draw in the Liberal, Kansas market.
Additional demand drivers include:
Caddy corner to Southwest Medical Center, a 101-bed hospital generating $223.5M in 2023 revenue
Just 0.75 miles from Walmart Supercenter, supporting 2.5M+ visits per year
Across from Liberal Plaza, which contributes another 407K visits annually
Liberal’s robust local economy, top-ranked high school, and 2.5% unemployment rate underscore the area’s stability and growth. This is a rare chance to acquire a stable, passive-income asset in a thriving retail corridor with top-tier corporate tenancy and significant foot traffic drivers.
Investment highlights
• NNN Leased to Starbucks & T-Mobile Corporate, two BBB+ credit
rated Tenants with a combined Market Cap of $292 Billion
• 7.8 Years of Lease Term Remaining
• Near term income upside with 7.3% Rent Increase in 2027
• Outpad to Dillon’s Grocery & Fuel Center Anchored Plaza which
generates 1.12M customer visits per year and is Liberal’s 2nd largest
Grocery store after Walmart.
• Positioned on a Hard Corner Signalized Intersection with Direct
frontage to 15,700 VPD along N Kansas Ave & E 15th St, the highest
traffic counts in a 20-mile radius
• Caddy Corner to Southwest Medical Center, a 101-Bed acute care
Hospital which generated $223.5M of patient revenue in 2023
• 0.75 miles from Walmart Super Center which offers additional Big
Box Anchor support of 2.5M customer visits per year
• Directly across from Liberal Plaza which generates 407k customer
visits per year
• Liberal boasts a Strong Economy and School System with a very
healthy 2.5% Unemployment Rate (almost half of the National
Unemployment rate of 4.1%) and the 7th ranked High School in the
State
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