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Restaurant

Starbucks - New 10 Yr Lease

Main St NE & NM Hwy 47, Los Lunas, NM 87031

Listing Price: $2,611,000

Cap Rate
4.50%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Gross SF
2,243
Guarantor
Corporate Guarantee
Rentable SF
2,243
Price/Gross SF
$1,164.07
Lease Type
Double Net
Rent Per Square Feet
$52.39

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Los Lunas is the county seat of Valencia County, New Mexico and part of the Albuquerque Metropolitan Statistical Area. As a friendly, pro-development community located 20 minutes south from downtown Albuquerque, 15 minutes from the International Sunport and easily accessed off the major I-25 interstate that runs north and south through the state of New Mexico, Los Lunas is literally and figuratively on the crossroads of the state.

Investment Highlights

  • New Construction with Drive-Through – Brand New 10 Year Lease with Starbucks
  • Corporate Guaranty, Investment Grade Credit Tenant (S&P Rating: BBB+)
  • 10 Percent Rental Increases Every Five Years, with Four, Five-Year Options
  • Surrounded by Major National Retail and Restaurant Tenants - Walgreens, PetSmart, Ross, Big 5 Sporting Goods, Taco Bell, Burger King, Ace Hardware, AutoZone, Pizza Hut, and Many More
  • Grocery Anchored Outparcel Location Between Two Major Supermarkets: Smith's Food & Drug and Albertsons Market
  • High Visibility Location Along Main Street NE at Intersection of Highway-47 and Highway-6 (More than 36,720 Cars per Day)
  • Less Than 10 Minutes from Central Los Lunas - Easily Accessible and Connected Location Along Highway-6
  • Direct Connection to Albuquerque International Sunport and Downtown Albuquerque via Highway-47

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Restaurant

Starbucks - New 10 Yr Lease

Listing Price: $2,611,000

Cap Rate
4.50%
Tenant Name
Starbucks
Years Remaining On Lease
10.3
Gross SF
2,243
Guarantor
Corporate Guarantee
Rentable SF
2,243
Price/Gross SF
$1,164.07
Lease Type
Double Net
Rent Per Square Feet
$52.39

Investment Highlights

  • New Construction with Drive-Through – Brand New 10 Year Lease with Starbucks
  • Corporate Guaranty, Investment Grade Credit Tenant (S&P Rating: BBB+)
  • 10 Percent Rental Increases Every Five Years, with Four, Five-Year Options
  • Surrounded by Major National Retail and Restaurant Tenants - Walgreens, PetSmart, Ross, Big 5 Sporting Goods, Taco Bell, Burger King, Ace Hardware, AutoZone, Pizza Hut, and Many More
  • Grocery Anchored Outparcel Location Between Two Major Supermarkets: Smith's Food & Drug and Albertsons Market
  • High Visibility Location Along Main Street NE at Intersection of Highway-47 and Highway-6 (More than 36,720 Cars per Day)
  • Less Than 10 Minutes from Central Los Lunas - Easily Accessible and Connected Location Along Highway-6
  • Direct Connection to Albuquerque International Sunport and Downtown Albuquerque via Highway-47

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Los Lunas is the county seat of Valencia County, New Mexico and part of the Albuquerque Metropolitan Statistical Area. As a friendly, pro-development community located 20 minutes south from downtown Albuquerque, 15 minutes from the International Sunport and easily accessed off the major I-25 interstate that runs north and south through the state of New Mexico, Los Lunas is literally and figuratively on the crossroads of the state.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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