Starbucks 1026 N 14th St

Investment Highlights

Rare lease structure with Starbucks Self-Maintaining property Additional billboard income with below market rent Dense Drive-Thru location at signalized hard corner of ?main and main? intersection 7.5 years remaining plus options to renew Expanded parking lot for 7 additional parking spaces Minutes from Kohler Spa, Whistling Straits, and Blackwolf Run Golf Course

Executive Summary

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a free standing Starbucks at a dense, signalized hard corner in Sheboygan, Wisconsin. Included in the offering is a billboard leased to Lamar and a well below market rent. Starbucks has been occupying the property since 2007 and has recently extended their lease as well as a modification to self-maintain the property including snowplow, landscaping and any repairs. In 2017 the property was expanded to allow for additional parking due to the tremendous customer traffic at the location.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,767
• Building Class    C
• Year Built/Renovated    2007/2017
• Price    1,433,000
• Price Per SF    811
• Cap Rate    6.75
• NOI    96,730
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    0.33 AC