Listed by Marcus & Millichap - New Jersey, Marcus & Millichap - Philadelphia
$2,655,000
Starbucks (New Construction)
Details
APN 0427_4808_1
Property Type Retail
Sub Type Restaurant
Square Footage 2,200
Units 1
Cap Rate 5.65%
NOI $150,000
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Expiration 03/30/2035
Year Built 2025
Stories 2
Acreage 0.610
Zoning C-1
Parking Spaces 14 spaces
Parking per 1,000 SqFt 6.36
Investment Type Net Lease
Lease Commencement 03/31/2025
Ground Lease No
About This Property for Sale
Marketing description
Marcus & Millichap is pleased to exclusively present 2501 Merchantville Ave, Pennsauken, Camden County, New Jersey.
Investment highlights
- Brand New 2025 Starbucks Drive-Thru Located at a Signalized Intersection Along Route 130 In Pennsauken, NJ With Exposure to Approximately 46,500 Vehicles Per Day
- Corporate-guaranteed NN Lease Backed By Starbucks Corporation(NASDAQ: SBUX), An Investment-Grade Tenant Rated BBB+ by S&P
- 8.75 Years of Lease Term Remaining With Four 5-Year Renewal Options Extending Potential Occupancy Through 2055
- Attractive 10% Rent Increases Every Five Years Throughout the Base Term and Option Periods, Providing Long-term NOI Growth and Inflation Protection
- Minimal Landlord Responsibilities with NN Lease Structure; Tenant Responsible For Taxes, Insurance, Utilities, Repairs, And Maintenance
- Dense Infill Philadelphia Metro Location With Nearly 490,000 Residents And Average Household Incomes Exceeding $92,000 Within a 5-Mile Radius
- Strategically Positioned Near Routes 130, 70, 73, and Interstate 676, Offering Strong Regional Connectivity Throughout Southern New Jersey and Philadelphia
- Located Within an Established Retail Corridor Surrounded by National Retailers, Financial Institutions, Healthcare Providers, and Daily-needs Businesses Driving Consistent Consumer Traffic
- Starbucks Operates More Than 38,000 Locations Globally and Generates Over $36 Billion In Annual Revenue, Making it One of the Strongest Brands in the Quick-Service Retail Sector
- Fee Simple Ownership Opportunity on a 0.61-Acre Parcel Featuring Dedicated Drive-Thru Access and 14 Parking Spaces
Listing Contacts
Listed by Marcus & Millichap - New Jersey, Marcus & Millichap - Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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