Listed by RE/MAX PREMIER, REALTORS
$999,995
Corporate Starbucks Ground Lease
Details
APN S41-021-012-002 : 41-021-012-002 2006/2018
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,750
Cap Rate 5.85%
NOI $58,564
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2032
Rent Bumps Yes
Lease Options Three additional five-year renewal options remain available. If all options are exercised, the lease term may be extended through February 29, 2047.
Price per SqFt $714
Year Built 2006
Year Renovated 2018
Acreage 0.650
Parking Spaces 11.42 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/08/2006
Ground Lease Yes
1033 North Center Avenue, Somerset, PA 15501
Marketing description
This well-maintained retail asset at 1033 North Center Avenue offers a flexible, move-in ready layout tailored to meet the demands of today’s national or regional retail users. Floor-to-ceiling windows maximize merchandising visibility while providing natural light to the generous interior, engineered for efficient circulation and merchandising displays. The property’s integral service zone supports seamless inventory movement and customer flow, while a secure, dedicated loading area streamlines deliveries. Upscale finishes and thoughtful design cues ensure an elevated shopping experience, and the building envelope allows for straightforward customization to express any brand identity.
Investment highlights
- Corporate Starbucks Tenant
- Absolute NNN Ground Lease
- Starbucks Owns the Building and Improvements While Landlord Owns the Land
- Zero Landlord Responsibilities
- Starbucks Has Occupied the Site Since Approximately 2007
- Located Along a Major Retail Corridor Near Interstate 76 with Surrounding National Retailers Including Walmart, Lowe's, Aldi, McDonald's, Sheetz, and Tractor Supply
- Strong Long-Term Commitment Demonstrated Through Continued Occupancy and Exercised Lease Options
- Rare Starbucks Ground Lease with Zero Landlord Duties: This is a true hands-off investment-an absolute NNN ground lease with no maintenance or management responsibilities required. Perfect for out-of-area or passive investors.
- Excellent Location with High Visibility: Featuring a 75-foot pylon sign with direct visibility from the 76 Turnpike (51,000+ vehicles per day), this property sits in a high-traffic corridor with major retailers including Walmart, Lowe's, McDonald's, AutoZone, and more.
- Great Addition to Portfolio for Long-Term Investors: This location benefits from limited nearby competition, with the nearest drive-thru Starbucks 25 miles away. Starbucks has operated successfully here and pays well below market rent, offering future upside.
- Attractive Investment Price Point: A compelling option for long-term holders looking to add a nationally recognized tenant to their portfolio without the premium pricing of larger metro areas.
- Strong Real Estate Fundamentals: Strategically positioned near the eastern gateway to Seven Springs and Hidden Valley-two of Pennsylvania's most prominent four-season resorts.
- Recent Capital Investment: A full remodel was completed in September 2018, demonstrating Starbucks' commitment to the site.
Listing Contacts
Listed by RE/MAX PREMIER, REALTORS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,564.00
$4,880.33/mo
Valuation Metrics
0
DSCR
5.86%
Cap Rate
5.86%
ROI
Map
Zoning
M-1 IndustrialLight IndustrialLight Industrial
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View all 3 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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