Starbucks in Garden City, ID
Retail | NNN | 5.80% CAP
Marketing description
- BRAND-NEW CONSTRUCTION: Recently completed in 2025, the Property offers investors a new-construction Starbucks in one of the most desirable net lease retail formats.
- HIGHLY VISIBLE CORNER LOCATION: The Property is positioned on a highly visible corner at Highway 26 and North Maple Grove Road, offering outstanding frontage and strong access.
- LONG-TERM STARBUCKS LEASE: Starbucks is committed through April 30, 2035, providing approximately nine years of remaining base term, with a 10% rent increase in 2030 and four additional five-year options.
- STRONG TRAFFIC COUNTS: Located directly on Highway 26, the Property benefits from excellent visibility and exposure to approximately 42,100 vehicles per day, supporting strong consumer awareness and convenient customer access.
- TIGHT RETAIL SUBMARKET: The surrounding retail submarket reports just 3.9% vacancy, signaling limited competing supply and healthy tenant demand.
Investment highlights
Northmarq is pleased to present the opportunity to acquire a brand new Starbucks drive-thru property in Garden City, Idaho. Constructed in 2025, the Property is leased to Starbucks on a NNN lease with approximately nine years of remaining term through April 30, 2035. The lease includes a 10% rent increase in 2030, and grants four additional five-year renewal options, each with 10% rent bumps.
The Property occupies an exceptionally visible corner at Highway 26 and North Maple Grove Road, with exposure to a combined 42,100 vehicles per day. The drive-thru format, new construction, and strong parking ratio support long-term operational performance and tenant functionality. Situated in a tight retail submarket with 3.9% vacancy, the Property offers investors a combination of premier visibility, strong real estate fundamentals, and contractual rent growth.
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