STARBUCKS - NEW CONSTRUCTION - CLAY, NY

3791 NY-31, Clay, NY 13090

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 Asking Price:$1,760,000 

Property Type Retail Sub Type Fast Food Investment Type Net Lease Lease Type NN
Tenant Credit Corporate Guarantee Tenancy Single
Lease Term 10 years Rent Commencement 06/01/2019 Lease Expiration 05/31/2029
Remaining Term 9.6 years Square Footage 2,200 Price/Sq Ft $800 Cap Rate 5.00%Occupancy 100% NOI $88,000 Year Built 2019 Buildings 1
Rent Bumps 10% Every Five Years Lease Options 6, 5-Year Options Ownership Fee Simple

Lee Group is pleased to offer the  opportunity to purchase a brand-new, corporate leased Starbucks investment property located at 3791 Route 31 in Clay, New York (the “Property”). The Starbucks Café is part of the new North End Commons, a multi-pad retail center located immediately adjacent to Lowe’s Home Improvement along the Route 31 retail corridor. The Starbucks Café is currently under construction and will feature a dedicated drive-thru lane and outdoor patio. Rent is expected to commence in June 2019. 

  • NEW CONSTRUCTION: The new Starbucks Café is expected to be completed and the lease term is anticipated to commence in June 2019. The Property will feature Starbucks’ best-in-class drive-thru experience and outdoor patio space, both designed to enhance the customer experience and drive sales.
  • CORPORATE GUARANTY: Starbucks Corp. (NASDAQ: SBUX) boasts an investment grade credit rating of BBB+ (S&P) and Baa1 (Moody’s). Starbucks has a market cap of $94.8 billion and reported FY 2018 revenues of $24.7 billion and net income of $3.9 billion.
  • LEASE TERM: The initial Starbucks lease term is for 10 years with six, 5-year renewal options.
  • ATTRACTIVE RENT INCREASES: The Lease calls for a 10% rent increase every 5 years and at the start of each option period, providing the investor with an attractive increase in revenue and hedge against inflation.
  • STRATEGIC RETAIL LOCATION: The Starbucks is strategically located along a heavily travelled shopping, dining and entertainment corridor on Route 30 at Route 481 that features a Lowe’s Home Improvement, Home Depot, Target, Walmart Supercenter, Wegmans, TJ Maxx, Regal Cinemas and Great Northern Mall.
  • STRONG DEMOGRAPHICS:Over 71,000 people live w/ a 5-mile radius of the property with an average household income of over $87,000.
  • TRADE AREA: Additional retailers, restaurants and attractions drawing people to retail corridor include Lowe’s, Home Depot, Wegmans, Price Chopper, Aldi, Walmart Supercenter, Target, TJ Maxx, Kohl’s, PetSmart, Hobby Lobby, Barnes & Noble, Burlington, Pier 1, Dick’s Sporting Goods, Joann Fabrics & Crafts, Raymour & Flanagan Furniture, McDonald’s, Panera Bread, Friendly’s, Red Lobster, Longhorn Steakhouse, Smokey Bones, Burger King, Applebee’s, Great Northern Mall, Regal Cinemas, and the adjacent, soon to be completed, Texas Roadhouse and WellNow Urgent Care (both also available for individual sale). Courtesy of  Horvath & Tremblay 

Starbucks 5.00% CAP 3,324 SF WILLIAMSVILLE, NY

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 Asking Price: $3,000,000 

 5165 Main Street, Williamsville, NY 14221

Property Type Retail Sub Type Fast Food Investment Type Net Lease
Lease Type NN Tenant Credit Corporate Guarantee Tenancy Single
Lease Term 10 years Rent 04/15/2019 Expiration 04/30/2029
Remaining Term 9.5 years Square Footage 3,324
Price/Sq Ft $902.53 Cap Rate 5.00% Occupancy 100% NOI $150,000
Year Built 2019 Buildings 1 Lot Size (acres) 0.69 Parking (spaces) 28
Rent Bumps 10% Every Five Years Lease Options 4, 5-Year Options
Ownership Fee Simple  Courtesy of  Horvath & Tremblay 

Starbucks 6.15% CAP 2,875 SF ROCHESTER, NY

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 Asking Price: $917,821 

 680 Monroe Ave, Rochester, NY 14607

 Property Type Retail Sub Type QSR Investment Type Net Lease

Lease Type NNTenant Credit Credit Rated Tenancy Single

Lease Term 30.7 years Lease Commencement 06/12/1997

Lease Expiration 01/31/2028 Remaining Term 8.2 years

Square Footage 2,875 Price/Sq Ft $319.24 Cap Rate 6.15%

Occupancy 100% NOI $56,446 Year Built 1920

Year Renovated 2012 Lot Size (acres) 0.13 Rent Bumps 10% in Options

Options Two 5-Year Ownership Fee Simple  By: Marcus & Millichap 

Starbucks w/ DriveThru 5.00% CAP 2,100 SF MALTA, NY

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Asking Price: $2,016,000 

Property Type Retail Lease Type NN Tenant Credit Corporate Guarantee Tenancy Single Lease Term 10.1 years

Lease Commencement 07/11/2019 Lease Expiration 07/30/2029 Remaining Term 9.7 years Square Footage 2,100

Price/Sq Ft $960 Cap Rate 5.00% NOI $100,800 Year Built 2019 Zoning Commercial Lot Size (acres) 0.19

Parking (spaces) 23 APN 414089 229.4-4-8 Lease Options 4 (5-Year) Ownership Fee Simple

 Lee Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, investment grade (S&P:BBB+), corporate guaranteed, drive-thru equipped, Starbucks investment property located in Malta, NY. The tenant, Starbucks Corporation,  recently signed a brand new 10-year lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, parking lot, landscaping, and utility systems (including HVAC systems). The building, which opened July 2019, features state-of-the-art construction with modern amenities and design. Courtesy of  SRS National Net Lease Group 

Starbucks Coffee- Nevada 4.70% CAP PAHRUMP, NV

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 Asking Price: $2,659,574 

 Property Type Retail Investment Type Net Lease

Class A Lease Type NNN Tenancy Single

Tenant Credit Credit Rated, Corporate Guarantee

Lease Term 10 years Occupancy 100%

Lease 04/01/2019 - 04/01/2019 Cap Rate 4.70%

Occupancy Date 04/01/2019 NOI $125,000

Year Built 2019 Buildings 1 Stories 1 Lot Size (acres) 0.9

Rent Bumps 10% every 5 years Four 5 year options

Boulder Crossing PRICE REDUCTION: 5.75% CAP 9,758 SF LAS VEGAS, NV

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 Asking Price: $3,810,000 

 Property Type Retail Tenancy Multi

Square Footage 9,758

Price/Sq Ft $390.45

Cap Rate 5.75% 

Occupancy 100%

NOI $218,935

Lot Size (acres)1.56

Starbucks 5.00% CAP | 2,000 SF | MIDDLETOWN, CT

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Asking Price: $2,800,000 

Property Type Retail Lease Type NN Tenancy Single Square Footage 2,000 Price/Sq Ft $1,400 Cap Rate 5.00% Occupancy 100%

NOI $140,000 Year Built 2017 Buildings 1 Lot Size (acres) 1.18 Ownership Fee Simple We're pleased to offer for sale to qualified investors the opportunity to purchase the 100% fee simple interest in this Starbucks property located at 871 Washington St, Middletown, Connecticut (the "Property"). The Property features +/- 2,000 square feet of rentable building area located on a +/- 1.18 acre lot.  Courtesy of Stan Johnson Company

Starbucks 2,858 SF | WESTPORT, CT

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Asking Price: Unpriced 

Property Type Retail Sub Type Fast Food Investment Type Net Lease

Lease Type NNN Tenant Credit Corporate Guarantee Tenancy Single

Net Rentable (sq ft) 2,858 Occupancy 100% NOI $238,050

Year Built 2016 Buildings 1 Lot Size (acres)0.6 Rent Bumps Ye

Ownership Fee Simple -  Horvath & Tremblay 

BRAND NEW STARBUCKS W/ DRIVE THRU 5.50% CAP | 2,200 SF | STEPHENS CITY,VA

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 Asking Price: $2,573,600 

Investment Type Net Lease Lease Type Absolute NNN

Tenant Credit Corporate Guarantee Tenancy Single

Square Footage 2,200 Price/Sq Ft $1,169.82 Cap Rate 5.50%

NOI $141,548 Year Built 2019 Lot Size (acres) 1- Marcus Millichap

Starbucks & Heartland Dental Ocala West 5.50% CAP | 6,525 SF | OCALA, FL

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 Asking Price: $4,593,182  Under Construction

Property Type Retail Investment Type Net Lease Lease Type NN Tenancy Multi Number of Tenants 2

Lease Term 10.1 years Lease Commencement 12/01/2019 Lease Expiration 01/01/2030 Remaining Term 10.1 years

Square Footage 6,525 Price/Sq Ft $703.94 Cap Rate 5.50% Occupancy 100% NOI $252,625 Units 2 Year Built 2019

Stories 1 Lot Size (acres) 1.02 Rent Bumps10% in Year 6, Every Option Courtesy of Landmark Real Estate Company

 The Property is located at 7825 SW Highway 200 in Ocala, FL roughly in between Gainesville and Orlando. The Starbucks & Heartland Dental center is located on an outparcel to the local Walmart Neighborhood Market, also with co-tenancy with Burger King, Taco Bell, and Walgreens. Connected by shared cross access parking, the neighborhood market is situated just behind the center and they are both at corner of SW 80th Ave and SW Highway 200. Together, the freestanding Starbucks & Heartland Dental center and the Walmart Neighborhood Market occupy one highly visible corner, with contiguous frontage along both roads. The entire center is optimally surrounded by dense residential developments.The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 42,866 and 105,148 within a 5-mile. Additionally, within a 3 mile radius of the subject property, there are 20,342 households with an average household income of $51,361. Some of the surrounding retailers in the immediate area include Publix, Chase, Wells Fargo, Dunkin Donuts, Quick Care Med, Renasant Bank, Lowes, Aldi and many more.

3703 Gulf Breeze Parkway 5.67% CAP 1,711 SF GULF BREEZE, FL

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 Asking Price: $1,450,000 

 Property Type Retail Tenant Credit Corporate Guarantee

Tenancy Single Lease Term 10 years

Lease Commencement 09/01/2013 Lease Expiration 08/31/2023

Remaining Term 3.7 years Square Footage 1,711 Price/Sq Ft $847.46

Cap Rate 5.67% Occupancy 100% NOI $82,176 Year Built 2008 

Lot Size (acres) 0.68 Courtesy of SVN

Starbucks Coffee 5.00% CAP THE VILLAGES, FL

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 Asking Price: $3,100,000  

Property Type Retail Lease Type NN

Tenant Credit Corporate Guarantee, Credit Rated

Tenancy Single Lease Commencement 10/15/0019

Square Footage 2,500 Price/Sq Ft $1,240 Cap Rate 5.00%

NOI $155,000 Year Built 2019 Lot Size (acres) 0.75

APN D16D006 Lease Options Six (6), 5-Year

Ownership Fee Simple Courtesy of James Capital

SHOPPES AT EUSTIS VILLAGE | PRICE REDUCED | 6.50% CAP | 29,343 SF EUSTIS, FL

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 Asking Price: $8,619,169 

Property Type Retail Sub Type Multi-Tenant Investment Type Net Lease Investment Sub Type NNN Lease Type NNN

Tenant Credit Credit Rated, Franchisee, Corporate Guarantee Tenancy Multi Number of Tenants 8

Square Footage 29,343 Net Rentable (sq ft) 29,343 Price/Sq Ft $293.74 Cap Rate 6.50% NOI $560,246 Year Built 2006

Buildings 3 Stories 1 Lot Size (acres) 3.58 Rent Bumps Varied Lease Options Varied 5-Year Options Courtesy of Ground and Space Partners 

Starbucks 5.00% CAP | 2,500 SF | SPRING HILL, FL

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 Asking Price: $2,500,000 

 Property Type Retail Lease Type NN

Tenant Credit Corporate Guarantee TenancySingle

Remaining Term 10 years Square Footage 2,500 Price/Sq Ft $1,000

Cap Rate 5.00% NOI $125,000 Year Built 2019 Lot Size (acres) 0.79 Courtesy of Colliers International

Starbucks: 5.25% CAP INVESTMENT NEW LEASE WITH RENT ESCALATIONS FORT PIERCE, FL

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 Asking Price: $2,451,400   Property Type Retail Investment Net Lease

Lease Type NN Tenancy Single Lease Term 10.3 years

Lease 11/01/2019 - 02/28/2030 Remaining 10.2 years

Square Footage 2,200 Price/Sq Ft $1,114.27 Cap Rate 5.25%

NOI $128,700 Year Built 2019 Stories 1 Parking (spaces) 31

Rent Bumps 10% every 5 years Four 5-year options CBRE

Starbucks - 10-Yr. Lease Extension 4.75% CAP | 1,800 SF | WILDOMAR, CA

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 Asking Price: $2,260,000 

 Property Type Retail Investment Type Net Lease Lease Type NN Tenancy Single

Rent Commencement 10/01/2017 Lease Expiration 09/30/2027 Remaining Term 7.8 years

Square Footage 1,800 Price/Sq Ft $1,255.56 Cap Rate 4.75% NOI $107,352 Units 1 Ownership Fee Simple 

  • 10-Year Lease Extension, No Early Termination Clause 
  • 5% Increases Every 5 Years in Base Term
  • 12-Year Operating History at Location
  • Investment Grade Credit Tenant, Rated ‘A-’ by S&P
  • 2007 Construction with a Drive-Thru
  • 36 Miles South of Riverside and 65 Miles North of Downtown San Diego
  • 125,276 Residents in Growing Trade Area
  • 1,650 Residences Currently Under Construction within 2 Miles
  • Wildomar is Among the Fastest Growing Small Cities in California
  • Average Household Income Exceeds $108,921 Within 3 Miles
  • Highly Visible to 16,400 Cars/Day Along Major Retail Corridor
  • Excellent Freeway Access Off I-15 with 131,000 Cars/Day
  • Adjacent to New Wildomar Square with Taco Bell, Habit Burger, Country Kitchen, Dunkin Donuts, Baskin Robbins, and Many Others
  • Across from Stater Bros. Grocery Anchored Center with Chase Bank, Del Taco, and Jack in the Box
  • Strong Daytime Population, 103,387 Employees Within 5 Miles
  • 1 Mile to Inland Valley Medical Center with 1,400+ Employees, Serves 689,021 Residents in Southwest Riverside County
  • Minutes to Rancho Springs Medical Campus and Loma Linda University’s Medical Center
  • Surrounded by Several K-12 Schools with 14,255 Students

New Corp Starbucks | 74,500 VPD | FL 5.25% CAP 2,275 SF LONGWOOD, FL

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 Asking Price: $2,523,800  

Property Type Retail Lease Type NN

Tenant Credit Corporate Guarantee, Credit Rated

Tenancy Single Lease Term 10 years

Lease 08/16/2019 - 08/31/2029 Year Built 2005

Remaining Term 9.8 years Square Footage 2,275

Price/Sq Ft $1,109.36 Cap Rate 5.25% NOI $132,500

Year Renovated 2019 Lot Size (acres) 0.73

APN 33-20-30-527-0000-0030  Four, 5-Year Options

Ownership Fee Simple Courtesy of Matthews 

Starbucks Anchored Two-Tenant Strip 6.95% CAP 3,200 SF | BREEZEWOOD, PA

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 Asking Price: $1,731,429 

 Property Type Retail Tenancy Multi SF 3,200 Price/Sq Ft $541.07

Cap Rate 6.95% Occupancy 100% NOI $120,400

Year Built 2004

Ownership Fee Simple

  • Two-Tenant Strip Anchored by High Performing Starbucks 
  • Both Tenants Recently Committed to Location for 5+ Years 
  • Starbucks Rated “BBB+” by Standard & Poor’s 
  • Located at The Heavily Traveled Intersection of Interstate 70 and the PA Turnpike; 37,555 VPD By: Marcus millichap

Boulder Crossing PRICE REDUCTION: 5.75% CAP | 9,758 SF | LAS VEGAS, NV

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 Asking Price: $3,810,000 

Property Type Retail  Tenancy Multi Square Footage 9,758 Price/Sq Ft $390.45 Cap Rate 5.75% Occupancy 100% NOI $218,935 Lot Size (acres) 1.56

The opportunity to acquire two individual outparcels at Boulder Crossing, a 117,000 square foot neighborhood shopping center located in southeast Las Vegas. The outparcels are 100% leased providing stable, reliable income.Situated on nearly a 32,000 square foot land parcel, a drive-thru Starbucks’s (NASDAQ: SBUX) with over 15 years of operating history within the Property anchors the two-tenant, 3,508 square foot outparcel just off the signalized intersection of Tropicana Avenue and Boulder Highway which boast a daily traffic count in excess of 48,000 vehicles. The second 6,250 square foot outparcel that completes this offering has recently been leased in its entirety to related entities of the Well Care Group – a long-standing medical group that has operated within the overall project since 2001 Courtesy of  Newmark Knight Frank Capital Markets (NKF)

Starbucks 4.25% CAP | 2,200 SF | GREENFIELD, CA

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 Asking Price: $3,012,000 

 Newly built Starbucks located in Greenfield, CA.  

Property Type Retail Investment Type Net Lease Lease Type NN+

Tenancy Single Rent 09/21/2018 to 02/28/2029 Remaining 9.2 years

Square Footage 2,200 Price/Sq Ft $1,369.09

Cap Rate 4.25% NOI $128,000 Year Built 2018 Rent Bumps Yes

Courtesy of Cushman & Wakefield

Starbucks Coffee- Nevada 4.70% CAP PAHRUMP, NV

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 Asking Price: $2,659,574 

Property Type Retail Investment Type Net Lease Class

Lease Type NNN Tenant Credit Credit Rated, Corporate Guarantee

Tenancy Single Lease Term10 years Lease 04/01/2019 Cap Rate 4.70%

Occupancy 100% NOI $125,000 Year Built 2019 Buildings 1Stories 1

Lot Size (acres) 0.9 Rent Bumps 10% every 5 years

Lease Four 5 year options Courtesy of LOGIC Commercial Real Estate 

Starbucks - 10-Yr. Lease Extension 4.75% CAP | 1,800 SF | WILDOMAR, CA

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 Asking Price: $2,260,000 

 Property Type Retail Investment Type Net Lease Lease Type NN Tenancy SingleRent Commencement 10/01/2017 Lease Expiration 09/30/2027 Remaining Term 7.8 years Square Footage 1,800 Price/Sq Ft $1,255.56 Cap Rate 4.75% NOI $107,352 Units 1 Ownership Fee Simple 

  • 10-Year Lease Extension, No Early Termination Clause 
  • 5% Increases Every 5 Years in Base Term
  • 12-Year Operating History at Location
  • Investment Grade Credit Tenant, Rated ‘A-’ by S&P
  • 2007 Construction with a Drive-Thru
  • 36 Miles South of Riverside and 65 Miles North of Downtown San Diego
  • 125,276 Residents in Growing Trade Area
  • 1,650 Residences Currently Under Construction within 2 Miles
  • Wildomar is Among the Fastest Growing Small Cities in California
  • Average Household Income Exceeds $108,921 Within 3 Miles
  • Highly Visible to 16,400 Cars/Day Along Major Retail Corridor
  • Excellent Freeway Access Off I-15 with 131,000 Cars/Day
  • Adjacent to New Wildomar Square with Taco Bell, Habit Burger, Country Kitchen, Dunkin Donuts, Baskin Robbins, and Many Others
  • Across from Stater Bros. Grocery Anchored Center with Chase Bank, Del Taco, and Jack in the Box
  • Strong Daytime Population, 103,387 Employees Within 5 Miles
  • 1 Mile to Inland Valley Medical Center with 1,400+ Employees, Serves 689,021 Residents in Southwest Riverside County
  • Minutes to Rancho Springs Medical Campus and Loma Linda University’s Medical Center
  • Surrounded by Several K-12 Schools with 14,255 Students  Courtesy of Marcus Millichap

Starbucks Retail Strip Center STARBUCKS RETAIL STRIP CENTER 4.50% CAP 5,625 SF ANAHEIM, CA

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 Asking Price: $6,200,000 

Property Type Retail Sub Type Strip Center Square Footage 5,625

Price/Sq Ft $1,102.22 Cap Rate 4.50% Occupancy 100% NOI $278,993

Units 3 Year Built 2006 Lot Size (acres) 0.94

Listed by Sperry CGA CrissCross Solutions Team & Private Client REPS  

5010 E.3rd St. 20,294 SF EAST LOS ANGELES, CA

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 Asking Price: $2,500,000 Earnest Money Deposit: 3% min.

 Property Type Mixed Use, Retail, Multifamily, Development Site

Sub Type Development Opportunity Investment Type Redevelopment

Square Footage 20,294 Price/Sq Ft $123.19 Units 44

Zoning SP (Specific Plan) LA County Lot Size (sq ft) 18,944

APN5248-003-008 Ownership 100% Courtesy of  KOENIG PROPERTIES 

Spreckels Station - Manteca, CA STARBUCKS STRIP CENTER

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 Asking Price: $4,095,000 

Property Type Retail Sub Type Strip Center Investment Type Net Lease Lease Type NNN Tenant Credit Credit Rated Tenancy Multi

Number of Tenants 4 Square Footage 5,550 Price/Sq Ft $737.84 Pro-Forma Cap Rate 5.35% Pro-Forma NOI $219,221 Units 4 Year Built 2005 Stories 1

Zoning CG Lot Size (acres) 0.71 APN 221-200-62 Ownership Fee Simple Courtesy of Metthews

  • Starbucks lease secured by an Industry-leading, Investment grade credit tenant with an A rating by Standard & Poor’s (NASDAQ: SBUX) 
  • Starbucks has over 27,000 locations worldwide, a $2.88 billion net worth and saw revenues of over $22.4 billion in 2017
  • Sprint Communications, Inc. is one of the telecommunication providers with over 38,000 employees. Sprint ended the 2017 fiscal year with revenue in excess of $33 billion.
  • Jamba, Inc. (Nasdaq: JMBA) is a healthful, active lifestyle brand with a robust global business driven by a portfolio of franchised and company-owned Jamba Juice® stores. Jamba boast ±900 locations with ±1,300 employees and approx. $175 million in annual revenue.
  •  Leading franchisee Vitaligent operates over 100 stores across the United States. 
  • Jamba Inc, recently announced a growth agreement with Vitaligent committing them to a 12-store development for the Seattle market to be completed over the next 4 years. 
  • Wireless Lifestyle operates more than 200 Sprint locations nationwide. 
  • Freeway Visibility - 83,000 ADT (17,000 exit ADT)
  • Located along Yosemite Ave with +30,000 VPD
  • Strong Retail Synergy – Nearby Tenants include In-N-Out, McDonald’s, Chipotle, Panda Express, Carl’s Jr, Wingstop, Del Taco, KFC, Applebee’s & Jack in Box
  • Regional Retail Location – National Tenants including Target, The Home Depot, T.J. Maxx, PetSmart, Pier 1 Imports, AT&T, Bank of the West, GameStop, T-Mobile
  • 24-Hour Starbucks with a Drive-Thru

Starbucks 4.25% CAP | 900 SF | VISTA, CA

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 Asking Price: $2,706,353 

 Property Type Retail Lease Type Absolute NNN

Tenant Credit Corporate Guarantee Tenancy Single

Lease Term 10 years Lease 08/01/2016 - 07/31/2026

Remaining Term 6.6 years Square Footage 900 Price/Sq Ft $3,007.06

Cap Rate 4.25% Occupancy 100% NOI $115,020 Year Built 2016

Zoning C1 Lot Size (acres)0.47 Lease Options Four Five -Year Options

Ownership Fee Simple  The Conway Group at Marcus and Millichap 

Starbucks 4.00% CAP | 2,200 SF | GALT, CA

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 Asking Price: $2,475,000 

 Property Type Retail Lease TypeNet Tenant Credit Credit Rated

Tenancy Single Square Footage 2,200 Price/Sq Ft $1,125

Cap Rate 4.00% NOI $99,000 Year Built 2018

Lot Size (acres) 0.33 Parking (spaces) 11

Rent Bumps Yes

Lease Options Four (4) Five (5) Year Options

Courtesy of Cushman & Wakefield

2 Portfolio Starbucks and Jack In the Box STARBUCKS, JACK IN THE BOX NNN PORTFOLIO SALE

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 Asking Price: $3,000,000 

 Property Type Retail Sub Type NNN Drive Thru Portfolio Investment Type Net Lease Lease Type NNN

Investment Sub Type Starbucks and Jack in the Box Drive Thru Tenancy Multi Occupancy 100% NOI $137,903.40

 Two (2) Single Tenant Properties Now Available for Separate Purchase 

+ Ease of management: Jack in the Box is a true NNN Lease, and Starbucks pays all NNN direct except for Insurance and Accounting which is reimbursed by the Tenant  + Zero Landlord Responsibilities on the Jack in the Box Lease, and Landlord is only responsible for structure and roof replacement on the Starbucks Lease. Tenant is responsible for all else.  + Strong Retail Corridor + Free standing buildings with Drive-thrus

+ Both long term Tenants, Starbucks is currently in its first option period Courtesy of CBRE

Starbucks - 4,000 SF | CARMEL-BY-THE-SEA, CA

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 Asking Price: $3,000,000 

Property Type Retail Lease Type NNN Tenant Credit Credit Rated Tenancy Single Lease Expiration 08/31/2022 Remaining Term 2.7 years

Square Footage 4,000 Price/Sq Ft $750 Year Built 1973 Rent Bumps Yes

Lot Size (acres) 0.37 Lease Options 4x5 By : Cushman & Wakefield 

Chevron-Carmel, CA    Bank of America-Carmel, CA

Starbucks Drive-Thru 4.30% Cap 2,100 SF Fresno,CA

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 Asking Price: $2,855,000 

 Property Type Retail Sub Type Restaurant/Fast Food Lease Type NNN Lease Term 10.3 years 12/01/2019-02/28/2030 Remaining 10.2 years 

Net Rentable (sq ft)2,100 Price/Sq Ft $1,359.52 Cap Rate 4.30% 

NOI $122,800 Year Built 2019 Lot Size (acres) 0.45 Rent Bumps 10% Every 5 Years Four 5-Year @ 10% Each Option Hanley Investment Group