Starbucks | New 10yr Corp Lse | 2024 Constrc Corner of Grant Road and Campbell Avenue

Investment Highlights

Brand New 10-Year Deal | New Construction | Drive-Thru Equipped |Investment Grade Tenant Close Proximity To University of Arizona | University Medical Center Fee Simple Ownership | Low Management Investment Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, investment grade (S&P: BBB+), corporate guaranteed (NYSE: SBUX) Starbucks investment property located in Tucson, Arizona. 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 has minimal landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    2,400
• Year Built    2024
• Price    4,620,000
• Price Per SF    1,925
• Cap Rate    5
• NOI    231,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.05 AC

• Restaurant
• Signage
• Drive Thru