Restaurant
Starbucks - New 10 Yr Lease @ USD Campus
SEC E Cherry St & N Plum St, Vermillion, SD 57069
Listing Price: $2,335,000
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. Vermillion is located in the southeast corner of South Dakota near the intersection of Interstate 29 and South Dakota Highway 50. Home to the University of South Dakota, Vermillion also boasts an excellent school system, two clinics, and a hospital. Residents enjoy a variety of recreation activities, including bike paths, four city parks, and an 18-hole golf course. Nestled along the banks of the Missouri River, Vermillion is an idyllic college town filled with restaurants, movie theaters, and museums all within walking distance.
Starbucks - New 10 Yr Lease @ USD Campus
Investment Highlights
- Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
- New 2022 Construction with a Drive-Through
- Rare Opportunity - Property is Located in an Opportunity Zone
- 7.5 Percent Rental Increases Every Five Years
- Easily Walkable Location Adjacent to 9,500+ College Students at the University of South Dakota
- College Town Location with 18,608 Residents within the Surrounding Trade Area - Households Projected to Increase 8 Percent + within a One-Mile Radius by 2026
- Situated at the Signalized Hard Corner of East Cherry Street and North Plum Street (14,500+ Cars per Day at the Intersection)
- Within One Mile of Two New Student Housing Developments with a Combined 241 Units - The Heights and The Quarters at Vermillion
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Starbucks - New 10 Yr Lease @ USD Campus
Listing Price: $2,335,000
Investment Highlights
- Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
- New 2022 Construction with a Drive-Through
- Rare Opportunity - Property is Located in an Opportunity Zone
- 7.5 Percent Rental Increases Every Five Years
- Easily Walkable Location Adjacent to 9,500+ College Students at the University of South Dakota
- College Town Location with 18,608 Residents within the Surrounding Trade Area - Households Projected to Increase 8 Percent + within a One-Mile Radius by 2026
- Situated at the Signalized Hard Corner of East Cherry Street and North Plum Street (14,500+ Cars per Day at the Intersection)
- Within One Mile of Two New Student Housing Developments with a Combined 241 Units - The Heights and The Quarters at Vermillion
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. Vermillion is located in the southeast corner of South Dakota near the intersection of Interstate 29 and South Dakota Highway 50. Home to the University of South Dakota, Vermillion also boasts an excellent school system, two clinics, and a hospital. Residents enjoy a variety of recreation activities, including bike paths, four city parks, and an 18-hole golf course. Nestled along the banks of the Missouri River, Vermillion is an idyllic college town filled with restaurants, movie theaters, and museums all within walking distance.
Exclusively Listed By
Broker of Record
Financing By
