| | Investment Summary | Property Video | | | | | | | | Offering Price | $3,641,000 |  | | | Cap Rate | 5.15% | | | Year Built | 2024 | | | Lease Term | Fifteen (15) Years | | | Guarantee | Corporate |
Investment Highlights - Brand new corporate guaranteed 15-year net lease, landlord has limited responsibilities
- Newly developed Starbucks freestanding building with patio and drive-thru
- Located along Interstate 10 with over 240,000 VPD with freeway pylon signage
- Located on the going-to-work side of the street with excellent access and visibility from 91st Avenue with ±22,844 vehicles per day
- True investment grade tenant Starbucks Corporation (NASDAQ: SBUX) with more than 38,500 stores in 86 markets
- Starbucks opened 816 net new stores in Q4 2023 and plans to expand its global store footprint to 55,000 by 2030
- Starbucks (S&P: BBB+) corporate revenues in excess of $36.69 billion
- Dense established neighborhoods to the north of the property with over 345,000 residents within 5 miles
- Strong industrial employment hub with nearly 76,000 employees within 5-miles
- Less than 1 mile from Loop 101 and I-10 interchange
- Average household income is over $89,000 within a 5-mile radius
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only, and do not represent the current or future performance of the property.
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