Brand New Starbucks NNN Investment

Retail-Commercial for Sale
Catylist Listing ID: 30650378
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 2,025 SF
Gross Building Area: See Agent
Sale Price: $2,536,082
Unit Price: $1,252 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/9/2020

Overview / Comments

Trade Area Overview

Hard corner, lighted intersection with high traffic counts

Easy interstate (I-40) access

Located between Uptown, Downtown, & The University of New Mexico

NE Heights sub-market w/ strong demographics

Multiple access points both on Menaul Blvd. & Carlisle Blvd

Located between high performing Whole Foods and NM’s top performing
Super Walmart

Established trade area with more than 124,000 people within 3 mile radius

Current Tenants

Tenant Business Name Starbucks Corporation
Is Renting? Yes
Current Rent $123,000 PSF (Annual)
Tenant Notes Starbucks is a major retailer of coffee It is important to understand that Starbucks' initial growth and market dominance can be contributed to Starbucks ability to find great real estate locations. Starbuck’s success is driven as much by real estate as it is by coffee. Starbucks tends to pick A+ locations. The prototypical store model offers a drive-thru window and the configuration is adaptable to a variety of alternative uses. A global company with more than 29,000 retail stores in 78 markets, 13,000 locations in the US. Starbucks locations can be found in both urban and suburban locations, and their locations take advantage of other traffic generators, typically being positioned on the commuting-side of traffic patterns. The combination of a strong brand, great financials, and premier locations makes Starbucks an appealing option for net lease investors. Starbucks sells coffee, tea and other beverages and a variety of fresh food items. In addition to their Starbucks Coffee brand, they also sell goods and services under the following brands: Teavana, Tazo, Seattle's Best Coffee, Evolution Fresh, La Boulange and Ethos.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 101605949430610915
Property Located Between: High performing Whole Foods and New Mexico's top performing Super Walmart
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,670 144,691 341,135
Median Age: 36.42 36.47 37.84
Households: 7,844 64,760 147,696

Contact

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