Starbucks - New 10 Yr. Lease
2,500 SF | 100% Leased | Retail Building | Huntsville, AL 35806 | $4,650,000 ($1,860/SF) | 4.41% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,650,000
- Property Type
-
Retail
- Square Feet
- 2,500 SF
- Price / Square Foot
- $1,860
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
Joe Sandner
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a new single tenant net leased investment occupied by Starbucks in Huntsville, AL. The new construction Starbucks is subject to a 10-year net lease with four 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and limited landlord responsibilities providing years of inflation resistant income. Starbucks is at the gateway of MidCity District, a 140-acre redevelopment project prioritizing entertainment fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,865 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 30,056 SF
Highlights
- Brand New 10 Yr. NN Corp. Lease by Starbucks (NASDAQ: SBUX)- Double Drivethru- Just Opened!
- Legacy NNN Opportunity- Portion of Mid City District Mixed Use Master Planned/ High-Tech District
- Huntsville is the Next Austin- Called Rocket City USA, U.S. Space Command/ Nasa Center Located Here
- True Trophy Site next to TopGolf- Epicenter of Retail Trade Area- The Camp/Huntsville Amphitheater
- Best in Class/ Iconic Brand- World Largest Coffee House Chain (36K+ Locations)- $115B+ CAP
- Next to Cummings Research Park- 2nd Largest Research Park in the U.S.- over 100K High Tech Workers
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].