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34498224
34498225

2308 Murfreesboro Pike, Nashville, TN 37217 For Sale

Encore Real Estate Investment Services
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$1,600,000
6 days on market
Updated 6 days ago

Starbucks

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 1,747
Cap Rate 6.24%
NOI $99,819
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 25
Lease Expiration 04/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 3-5 Year
Price per SqFt $916
Year Built 2006
Acreage 0.620
Zoning R10
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/01/2006
Ground Lease No

High Sales Volume Location | 20+ Years Occupancy

Marketing description

Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. As of 2018, the company operates 28,218 locations worldwide.

Starbucks is considered the main representative of "second-wave coffee", initially distinguishing itself from other coffee-serving venues in the US by taste, quality, and customer experience while popularizing darkly roasted coffee. Since the 2000s, third-wave coffee makers have targeted quality-minded coffee drinkers with hand-made coffee based on lighter roasts, while Starbucks nowadays uses automated espresso machines for efficiency and safety reasons.

Starbucks locations serve hot and cold drinks, whole-bean coffee, micro ground instant coffee known as VIA, espresso, caffe latte, full- and loose-leaf teas including Teavana tea products, Evolution Fresh juices, Frappuccino beverages, La Boulange pastries, and snacks including items such as chips and crackers; some offerings (including their annual fall launch of the Pumpkin Spice Latte) are seasonal or specific to the locality of the store.

Investment highlights

  • Located In the Heart of Nashville, TN - Which Continues to Be One of the Most Sought-after Markets in The Country
  • Starbucks Has Been Operating at This Location for Over 20 Years
  • High Sales Volume Location
  • Sits Just Off the Intersection of Una Antioch Pike and Murfreesboro Pike - Seeing Over 36,000 AADT
  • Surrounded By Dozens of National Retailers, Including, Kroger, Aldi, Circle K, Sherwin Williams, AutoZone, Arby's and Many More

Listing Contacts

Encore Real Estate Investment Services
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,819.00
$8,318.25/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

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Additional Information

Name
Brian Brockman
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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