Asking Price
Area Size
NOI Net Operating Income
Cap Rate
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Key facts

Building Area Net

Property description

Jones Lang LaSalle Americas, LP is pleased to offer for sale the fee simple interest in a newly-built Starbucks drive-thru (the “Property” or “Asset”) located in Scottsboro, Alabama. The Property is leased to Starbucks Corporation (“Starbucks”), the largest specialty coffee retailer in the world with over 32,000 locations and annual revenues of $24 billion. Starbucks operates on a double-net lease structure that features ten years of primary lease term, 10% rental increases every five years, and four five-year renewal options. This offering presents the opportunity to acquire a newly constructed, drive-thru asset located in a business-friendly and rapidly growing southeastern state. 


Investment highlights

  • Newly Constructed Starbucks Drive-Thru
  • 10-Year Lease Term with Contractual Bumps
  • Surrounded by Exceptional Demographics Serving Affluent Consumer Base
  • Industry-Leading Tenant with Favorable Lease Economics
  • Frontage Along Us Hwy 72 In A Business-Friendly State
  • Strong Retail Corridor with Many Credit Tenants
Last Updated Date: 18 Nov 2021

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Last Updated Date: 18 Nov 2021

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