Starbucks 805 37th Ave S

Investment Highlights

Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX) 10 Percent Rental Increases Every Five Years Throughout the Initial Term and Multiple Renewal Options - Rare for New Starbucks Leases Located Beside Upcoming Developments in Azool Plaza Anchored by Hornbacher's Grocery Store High-Quality 2024 Construction of Starbucks New Drive-Thru Prototype Excellent Frontage and Accessibility At Hard-Corner Signalized Intersection of 8th St S/US-75 & 37th Ave S (20,230+ Combined Cars per Day) Central Location with Close Proximity to Minnesota State University Moorhead & North Dakota University

Executive Summary

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation?s common stock trades on the NASDAQ Global Select Market (?NASDAQ?) under the symbol ?SBUX.?Moorhead, Minnesota is located in Clay County and is the largest City in northwest Minnesota. Situated in the Red River Valley, Moorhead is part of a rich agricultural region. The City of Moorhead is a growing community, and according to recent U.S. Census demographics, Moorhead has a population of 44,505 residents.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    1,500
• Building Class    B
• Year Built    2024
• Construction Status    Proposed
• Price    2,594,000
• Price Per SF    1,729
• Cap Rate    6.40
• NOI    166,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    0.87 AC