Starbucks | New 10yr Corp NN | 2023 Constrct
2,000 SF | Retail Building | Rome, NY 13440 | $1,652,000 ($826/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $1,652,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,000 SF
- Price / Square Foot
- $826
Listing Contacts
Britt Raymond
Verified Profile
Kyle Fant
Verified Profile
- Property Info
Property Overview
• Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
• The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Offering features a rare, low rent for a new build-to-suit Starbucks
• 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 35,000 stores
• The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Offering features a rare, low rent for a new build-to-suit Starbucks
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
Highlights
- Brand New 10-Year Lease | 2023 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases | Low Rent
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Outparcel To Mohawk Acres Plaza - High Ranking Shopping Center | Griffiss International Airport | Nearby Air Force Base & Laboratory
- Starbucks Q2 Earnings Report | Comparable Store Sales Increases
- Affluent 1-Mile |Only Starbucks Location Within 15-Miles
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