Listed by Marcus & Millichap - Denver
$2,780,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,310
Cap Rate 6.25%
NOI $173,760
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Lease Term 10.1
Lease Expiration 03/31/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options 4 x 5-Year
Price per SqFt $2,122
Broker Co-Op Yes
Year Built 2025
Buildings 1
Acreage 0.640
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/08/2025
Occupancy Date 03/08/2025
Retail | 6.25% CAP | 1,310 SqFt
Investment highlights
- TOP PERFORMING SMITH’S GROCERY STORE - 2ND MOST VISITED IN ALBUQUERQUE AND 4TH IN NEW MEXICO
- IMMEDIATE ACCESS TO I-40 ACCESS PROVIDING EXCEPTIONAL VISIBILITY
- DENSE RETAIL CORRIDOR FEATURING A SPROUTS-ANCHORED CENTER WITH STRONG NATIONAL AND QSR CO-TENANCY
- SURROUNDED BY ALBUQUERQUE’S MOST SIGNIFICANT EMPLOYMENT AND INSTITUTIONAL ANCHORS
- NASDAQ: SBUX (S&P: BBB+) INVESTMENT-GRADE CORPORATE GUARANTEED TRIPLE-NET LEASE WITH 9+ YEARS REMAINING
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,760.00
$14,480.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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