Listed by Mid-America Real Estate, Mid America Real Estate Milwaukee
$1,810,560
Starbucks
Details
APN 8-475
Property Type Retail
Sub Type QSR/Fast Food, Coffee
Square Footage 2,460
Cap Rate 6.25%
NOI $113,160
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN+
Lease Term 10
Lease Expiration 07/30/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 4x5
Price per SqFt $736
Class A
Year Built 2023
Buildings 1
Acreage 0.900
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/18/2023
Ground Lease No
Ownership 100
Retail | 6.25% CAP | 2,460 SqFt
Marketing description
Mid-America Real Estate is pleased to present the opportunity to acquire a 2,460-square-foot, freestanding Starbucks located at 1567 E. Mason Street in Green Bay, Wisconsin. The property features a corporate-guaranteed lease with Starbucks Corporation and is strategically positioned along one of Green Bay’s most heavily trafficked retail corridors.
Surrounded by major national retailers including Menards, Festival Foods, Walgreens, Aldi, and Home Depot, the site benefits from excellent visibility, a drive-thru, and immediate access to dense residential neighborhoods. East Mason Street serves as a key east-west artery connecting downtown Green Bay with I-43, seeing 22,500+ vehicles per day.
The asset is located less than one mile from Bellin Health Hospital, a leading regional medical provider and one of Green Bay’s largest employers, generating consistent daily traffic and strong daytime demographics. With over 151,000 residents within a five-mile radius and average household incomes of $87,973, this Starbucks is ideally positioned for long-term stability and sustained retail demand.
Location Description
Located along East Mason Street, one of Green Bay’s busiest retail corridors, the property is surrounded by major national retailers including Menards, Festival Foods, Walgreens, and Aldi. The site benefits from strong visibility, heavy daily traffic, and immediate access to dense residential neighborhoods. Less than one mile from Bellin Health Hospital, the location enjoys a steady daytime population and consistent consumer demand.
Investment highlights
- Corporate Starbucks Lease – Guaranteed by Starbucks Corporation (NASDAQ: SBUX; BBB+/Baa1).
- 10-Year Term with four (4) 5-year renewal options and $2.00 PSF rent increases every 5 years.
- Strong Retail Corridor – Located along East Mason Street (22,500 VPD), surrounded by Menards, Festival Foods, Walgreens, and Aldi.
- Dense Demographics – 151,000+ residents and average household income of $87,973 within 5 miles.
- Proximity to Bellin Health – Less than one mile from Bellin Health Hospital & Clinics, a major regional employer with 5,000+ employees.
- Drive-Thru Equipped – Modern, high-volume configuration consistent with Starbucks’ national prototype.
- High-Traffic Trade Area – Serves Green Bay’s east side with strong daytime population exceeding 95,000 within 3 miles.
- Investment-Grade Credit – Backed by one of the world’s strongest QSR operators with a $100B+ market cap.
Listing Contacts
Listed by Mid-America Real Estate, Mid America Real Estate Milwaukee
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$113,160.00
$9,430.00/mo
Valuation Metrics
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DSCR
6.25%
Cap Rate
6.25%
ROI
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