Skip to main content

Restaurant

Starbucks w/ Drive-Thru | Rare 15% Increase in Year 6 | Outside Portland | Complete 2022 Renovation

1425 OR-99W, McMinnville (Outside Portland), OR 97128

Listing Price: $2,828,916

Cap Rate
4.15%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,406
Guarantor
Corporate Guarantee
Rentable SF
2,406
Price/Gross SF
$1,175.78
Lease Type
Double Net
Rent Per Square Feet
$47.80

Investment Overview

McMinnville is the county seat of and largest city in Yamhill County, Oregon. The City is at the confluence of the North and South forks of the Yamhill River in the Willamette Valley. The city’s economy has both industry: Cascade Steel (a Schnitzer Steel Industries company), and service businesses: Oregon Mutual Insurance Company, the Woodworth Contrarian Hedge Fund. Linfield University provides higher education, including new degrees in wine studies. Attractions include Wings and Waves Water Park, Joe Dancer Park, and Evergreen Aviation & Space Museum, the home of Howard Hughes’s famed Spruce Goose flying boat. The city identifies as a center of the well-developed wine industry in the Willamette Valley, which has hundreds of wineries and vineyards. Sunset Magazine reported on the ‘Best Small Towns to Live in the United States’ and included McMinnville for its “charming architecture”, among other factors. McMinnville has a wide-array of banking, credit unions, and options for investments. Founded in 1922, First Federal Savings and Loan Association Headquarters in McMinnville was ranked in 2021 by Newsweek Magazine as one of the best small banks in the United States. The city has brick-and-mortar locations for many of the largest national banks in the United States including Wells Fargo, JP Morgan Chase, KeyBank, US Bank, and Bank of America.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring Above Average 15% Rental Increase in 2027 and 10% at Each Option. Complete Interior / Exterior Renovation done by the Tenant.
  • Starbucks Spent Over $1.6 Million on the Location Demonstrating a Strong Commitment.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Only 37 Miles from Downtown Portland and 26 Miles from the State Capital of Salem, McMinnville Enjoys a Robust Economy Due to its Close Proximity to These Major Population and Cultural Centers.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles.
  • Near Numerous National Retailers Including Walmart, WinCo Foods, Safeway, Ross, Marshalls, Petco, Big 5 Sporting Goods, Harbor Freight Tools and many more.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Financing By

Restaurant

Starbucks w/ Drive-Thru | Rare 15% Increase in Year 6 | Outside Portland | Complete 2022 Renovation

Listing Price: $2,828,916

Cap Rate
4.15%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,406
Guarantor
Corporate Guarantee
Rentable SF
2,406
Price/Gross SF
$1,175.78
Lease Type
Double Net
Rent Per Square Feet
$47.80

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring Above Average 15% Rental Increase in 2027 and 10% at Each Option. Complete Interior / Exterior Renovation done by the Tenant.
  • Starbucks Spent Over $1.6 Million on the Location Demonstrating a Strong Commitment.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion.
  • Only 37 Miles from Downtown Portland and 26 Miles from the State Capital of Salem, McMinnville Enjoys a Robust Economy Due to its Close Proximity to These Major Population and Cultural Centers.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 23k Vehicles.
  • Near Numerous National Retailers Including Walmart, WinCo Foods, Safeway, Ross, Marshalls, Petco, Big 5 Sporting Goods, Harbor Freight Tools and many more.
  • In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

McMinnville is the county seat of and largest city in Yamhill County, Oregon. The City is at the confluence of the North and South forks of the Yamhill River in the Willamette Valley. The city’s economy has both industry: Cascade Steel (a Schnitzer Steel Industries company), and service businesses: Oregon Mutual Insurance Company, the Woodworth Contrarian Hedge Fund. Linfield University provides higher education, including new degrees in wine studies. Attractions include Wings and Waves Water Park, Joe Dancer Park, and Evergreen Aviation & Space Museum, the home of Howard Hughes’s famed Spruce Goose flying boat. The city identifies as a center of the well-developed wine industry in the Willamette Valley, which has hundreds of wineries and vineyards. Sunset Magazine reported on the ‘Best Small Towns to Live in the United States’ and included McMinnville for its “charming architecture”, among other factors. McMinnville has a wide-array of banking, credit unions, and options for investments. Founded in 1922, First Federal Savings and Loan Association Headquarters in McMinnville was ranked in 2021 by Newsweek Magazine as one of the best small banks in the United States. The city has brick-and-mortar locations for many of the largest national banks in the United States including Wells Fargo, JP Morgan Chase, KeyBank, US Bank, and Bank of America.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

Financing By

MM Texture Background
MM Textured Background Lower