Starbucks | New 10yr Corp NN | 2024 Constrc SWC. of Main and Roberta St

Investment Highlights

Brand New 10-Year Deal | New Construction | Drive-Thru Equipped | Investment Grade Tenant Top Performing QSR Market | Frequently Traveled Destination NN | Fee Simple Ownership | Limited Landlord Responsibilities Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, newly constructed, investment grade (S&P: BBB+), corporate guaranteed (NYSE: SBUX) Starbucks investment property located in Barstow, California. The tenant, Starbucks Corporation, recently signed a new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. 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 minimal landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    2,500
• Year Built    2024
• Price    3,545,000
• Price Per SF    1,418
• Cap Rate    5.50
• NOI    194,990
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.78 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Freeway Visibility
• Restaurant
• Signage