Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,546,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,051
Cap Rate 5.5%
NOI $140,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 10
Lease Expiration 05/31/2034
Remaining Term 8
Rent Bumps Yes
Lease Options 4, 5 Year Options
Price per SqFt $1,241
Year Built 2024
Acreage 1.450
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2024
2024 Build | 5.50% CAP | 2,051 SqFt
Marketing description
Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, the company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores.
The City of Yuma is nestled right in the southwest corner of Arizona, bordering California and Mexico. Home to over 100,000 residents, the population nearly doubles during the winter season.
Investment highlights
- Eight Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
- Top 25th Percentile Nationwide for Visits per Placer.ai
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- New 2024 Construction with a Drive-Thru
- 44,047 Residents within a Five-Mile Radius - Growing Yuma Trade Area
- Situated Immediately Off the I-8 Freeway, a Major Connector Providing a Direct Route Between Phoenix and San Diego
- Easily Accessible Location Near the Intersection of East 32nd Street and S Avenue 8 E (±38,860 Combined Cars per Day)
- Across from Walmart Supercenter and Surrounded by National Retailers: Wendy's, Panda Express, Circle K, and More
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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