New Starbucks | 10-Year Corporate Lease
Investment Grade Tenant | S&P BBB+
Marketing description
Corporate Lease | Investment Grade Tenant | S&P BBB+
Ranks in the Top 83% of All U.S. Starbucks Locations with $3.5M in Credit Card Sales per CenterCheck
Located on a Hard Corner Along the City’s Main Commercial Corridor
Fee-Simple Ownership Allows for Tax Beneficial Depreciation of the Property
Build-to-Suit Prototype Building with Inside Seating, Patio and Drive-Thru
Limited Competition | Only Starbucks in Town | Nearest Starbucks 20 Miles Away
Investment highlights
Commercial Retail Associates, Inc. is pleased to be selected as the exclusive listing agent for the sale of this 2024 constructed build-to-suit ±2,000 square foot free-standing cafe prototype building with drive-thru and indoor and outdoor seating leased to the Starbucks Corporation. The property fronts Whitley Avenue, a commercial arterial that runs east to west through the city of Corcoran. Neighboring commercial business within close proximity to the subject property are McDonald’s, Taco Bell, Subway, Dollar Tree, Dollar General, Family Dollar, AutoZone, O’Reilly Auto Parts, BMO Bank, Cost Less Foods Grocery and United Health Centers. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, newly constructed commercial property that is leased to an investment-grade corporate tenant, with a long-term lease commitment to the subject site.
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