NN Starbucks - Double Lane Drive-thru
New Construction NN Starbucks | Double Lane Drive-thru | 2,151 SqFt | High Barrier to Entry Market
Marketing description
New Construction: Brand-new, double drive-thru property featuring strong rental increases throughout the base term and option periods.
Investment Grade Tenant: Starbucks (NASDAQ: SBUX, S&P: BBB+)
Starbucks Relocation: Tenant is relocating from a high-performing neighboring location ranked in the top 91st percentile nationally.
Dense infill-market: Over 196,000 residents within a 5-mile radius.
Affluent Market: $175,000 average household income within a 5-mile radius.
High-Traffic Thoroughfare: Situated on the heavily traveled Jericho Turnpike with a daily traffic count of more than +/- 23,000 vehicles.
High Barrier to Entry: Complex and time-consuming entitlement and approval processes limit new tenant relocation opportunities.
Depreciation: Fee-simple ownership allows an investor to accelerate depreciation.
Myriad Nearby National Retailers: Whole Foods, BJ’s Wholesale Club, Home Depot, LIDL, Dick’s Sporting Goods, Trader Joe’s and Hobby Lobby.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
