Starbucks

Lincoln, NE

Price $2,924,000
Cap Rate 5.25%
TYPE Single-Tenant
STATUS Available
Tenant Starbucks Corp.
LEASE TYPE NN
SQUARE FEET 2,200
PRICE/SQ FT $1,329
YEAR BUILT 2018
LEASE EXP. 2028
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Starbucks has a brand new 10 year NN corporate lease with attractive 10% rental escalations every 5 years! The tenant, Starbucks Corporation, operates more than 25,730 locations in approximately 75 countries. Starbucks has an A-Stable credit rating on S&P and an A3 Stable rating on Moody’s. This property has brand new construction with expected construction completion on March 1st, 2018.

Starbucks is located in the college town, Lincoln, Nebraska, with high drive-by visibility just off the hard corner. The property sits in an infill location less than 1 mile from Gateway Regional Mall, Whole Foods, Best Buy, etc. Starbucks is less than 4 miles from the University of Nebraska-Lincoln, a public university with a total enrollment of over 26,000! Lincoln, NE has the 3rd lowest unemployment rate in the US at 2.7% compared to the national rate at 4.1% (Nov 2017)!

*In Association With: The Lerner Company

Property Highlights

  • Brand New 10 Year NN Lease with Attractive 10% Rental Escalations Every 5 Years!
  • High Drive-by Visibility on O St (Main East/West Thoroughfare), Just Off the Hard Corner with Traffic Counts Exceeding 64,640 CPD!
  • Demographics (10-MI): Total Population: 296,388 | Avg HH Income: $71,287
  • Tenant: Starbucks Corporation Operates More than 25,730 Locations in Approx. 75 Countries (NASDAQ: SBUX | S&P “A- Stable” Credit Rating | Moody’s A3 Stable Rating)
  • High Barrier to Entry: Infill Location on Coveted O St – Less than 1 Mile from Gateway Regional Mall, Whole Foods, Best Buy, etc.
  • 3rd Lowest Unemployment Rate in the US: Nebraska’s Rate at 2.7% (Lincoln, NE at 2.37%) - National Rate at 4.1% (Nov 2017)