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26799046
26799053

2085 S 1100 W, West Haven, UT 84401 For Sale

AM
UT UT 7126957-AB00, UT
Crest Realty
Crest Realty
Listed by Crest Realty
$2,499,970
318 days on market
Updated 40 days ago

Starbucks West Haven NN+ Lease

Details
APN 15-268-0002
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,244
Net Rentable (SqFt) 1,244
Cap Rate 5.60%
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN+
Lease Term 10
Rent Bumps Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 0.790
Zoning MU
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2025
Occupancy Date 05/01/2025
Ground Lease No
Ownership Fee Simple

Brand New 2024 Drive-Thru | 5.6% CAP | I-15/I-84 Interchange

Marketing description

Brand-new Starbucks flagship property in a premier Utah corridor, offering a NN+ investment with one of the world's most recognized brands. Completed in 2024, this first-of-its-kind drive-thru concept is positioned at a high-visibility, high-traffic I-15 / I-84 interchange, delivering unparalleled access for commuters and travelers alike. The asset features a 10-year initial term with four 5-year renewal options extending through 2055, coupled with a 60% total rent increase across the term and built-in rent growth to hedge against inflation. The investment is secured by Starbucks corporate with a proven 50+ year operating history, ensuring stable current income and substantial appreciation potential as cap rate expands from 5.60% to 9.02% over the lease term. Co-located with McDonald's, this premier quick-service restaurant (QSR) asset offers portfolio diversification and a truly passive, institutional-quality opportunity backed by a global brand leader. Ownership is fee simple, granting full control of a premium corner location and immediate scale within a growing market. With exceptional visibility, access, and a premium corner site, this Starbucks property is designed to deliver durable income, inflation protection, and significant long-term upside. Seller is willing to consider trade opportunities.

Investment highlights

BRAND NEW 2025 STARBUCKS - First-of-its-kind drive-thru concept in Utah, just opened and operating

PREMIER I-15 INTERCHANGE LOCATION - Strategic 0.79-acre site with exceptional visibility and access at high-traffic interchange

STARBUCKS CORPORATE GUARANTEED - Absolute NNN lease backed by Starbucks Corporation (NASDAQ: SBUX) - S&P BBB+ rated

FEE SIMPLE OWNERSHIP - Own the real estate, not just a ground lease - complete control of a premium corner location

ZERO LANDLORD RESPONSIBILITIES - True absolute NNN lease with tenant responsible for all taxes, insurance, and maintenance

30-YEAR INCOME POTENTIAL - 10-year primary term with four 5-year options extending through 2055

SHARED ACCESS WITH MCDONALD'S - Prime synergy with established traffic patterns

BUILT-IN RENT GROWTH - Structured increases provide hedge against inflation and enhanced returns over time

Listing Contacts

AM
UT UT 7126957-AB00, UT
Crest Realty
Crest Realty
Listed by Crest Realty

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Additional Information

Name
Aaron McCrady
License
UT 7126957-AB00
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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