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29851269
29852201

820 Hwy 31 NW, Hartselle, AL 35640

HK
GA GA 365320
Colliers - Atlanta, Georgia
Listed by Colliers - Atlanta, Georgia
$2,923,070
145 days on market
Updated 69 days ago

Brand New Starbucks - Fresh 10 YR Term - Huntsville MSA

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,500
Units 1
Cap Rate 6.50%
NOI $190,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN+
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Price per SqFt $1,267
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple

Brand New Starbucks - Fresh 10 Year Term - NN+ Lease

Investment highlights

2025, BRAND NEW CONSTRUCTION STARBUCKS WITH A FRESH 10-YR LEASE:

• Starbucks signed a brand new 10-year lease, which will commence in early 2026 and expire 10 years thereafter

• 10% rental escalations every five (5) years

• No early termination, or kick-out clause

• Tenant maintained parcel, LL does not have to handle CAM billing, tenant pays directly.

• Brand New Store with Drive-Thru

STARBUCKS- MOST DOMINANT GLOBAL COFFEE OPERATOR

• Starbucks, founded in 1985, has over 40,000 locations globally

• SBUX achieved $37.2 B in net revenue in FY 2025, an increase of 3%

• FY Q4 net revenues up 5% to $9.6B

• Investment-grade credit (S&P-BBB+) traded under the NASDAQ: SBUX

• Starbucks hired former Chipotle and YUM brands CEO Brian Niccol as Chairman and CEO in 2024. The move to hire Niccol has been applauded by shareholders, as Niccol is a highly popular CEO with an outstanding track record

• Niccol Has Implemented the “Back to Starbucks” strategy, building strong momentum. This new strategy has succeeded in winning customers.

STRONG DEMOGRAPHIC PROFILE / BOOMING RETAIL CORRIDOR

• Strategically located off Hwy 31, the subject property benefits from robust traffic counts exceeding 26,000+ VPD

• This is the only Starbucks location in Hartselle, AL, benefiting from limited competition

• Booming retail corridor: Surrounding retailers include but are not limited to Walmart, Lowe’s, Kroger, Planet Fitness, CVS, and others. Walmart in Hartselle experiences 1.7M annual visitors according to placer ai

• Hartselle is a short 35-minute drive time to Huntsville, the top 15-fastest growing MSA in the nation

• As the Huntsville MSA expands, markets such as Hartselle benefit greatly from this growth. Hartselle has grown approximately 30% between 2000 and 2023, averaging 1.3% annually and projected to continue

HUNTSVILLE MSA ADVANTAGE

• Located in the explosive growth corridor in the southeast, one of the most vibrant economic growth markets in the United States

• The Huntsville MSA is home to over 1.2 million people, marking it as the 15th fastest growing MSA nationally

• Huntsville is Alabama’s largest city and added an astonishing +/- 14,000 residents in 2024

• Named #1 city for tech talent growth for three consecutive years, and #1 best place to live in the US in 2022-2023

• In September 2025, the White House announced that the US Space Command will be relocating to from Colorado Springs to Huntsville, which could create additional 30,000 jobs for the state.

Listing Contacts

HK
GA GA 365320
Colliers - Atlanta, Georgia
Listed by Colliers - Atlanta, Georgia

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$190,000.00
$15,833.33/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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