Listed by CP Partners
$2,523,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food, Coffee
Square Footage 2,540
Units 35
Cap Rate 6.75%
NOI $170,312
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 Four, 5-year
Year Built 2024
Acreage 0.930
Parking Spaces 35 spaces
Parking per 1,000 SqFt 13.78
Investment Type Net Lease
Lease Commencement 05/27/2024
Ground Lease No
Build-to-Suit Starbucks Drive-Thru on a High-Traffic Retail Thoroughfare with 19,000+ VPD
Marketing description
This corporate Starbucks lease features 7.50% rent increases every five years throughout the base term, as well as at the commencement of each of the four (5-year) option periods. The property is strategically positioned just off I-30 which has traffic counts exceeding 55,000 vehicles per day, in close proximity to a Walmart Supercenter, McDonald’s, and other national retailers.
Investment highlights
- 8+ years remain on a corporate net lease with 7.50% increases every five years of base term and options
- 2024 build-to-suit construction with drive-thru
- Corporate lease backed by investment grade tenant with (NASDAQ: SBUX, S&P: BBB+)
- Starbucks is the largest coffee retailer in the world with 40,000+ locations globally across 80+ countries
- FY 2025 net revenues of $37.2 billion, representing 3% year-over-year growth
- Strategically located along Interstate 30, providing direct connectivity between Little Rock and Texarkana
- The Central Arkansas region is emerging as a major hub for AI and data center infrastructure, highlighted by a $6+ billion hyperscale data center development near Little Rock, just 45 minutes away (with potential to exceed $20 billion)
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,312.00
$14,192.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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