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Restaurant

Starbucks - New 10 Yr Lease

130th Street & Kansas Avenue, Bonner Springs, KS 66012

Listing Price: $2,467,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,663
Guarantor
Corporate Guarantee
Rentable SF
2,663
Price/Gross SF
$926.40
Lease Type
Double Net
Rent Per Square Feet
$48.63

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. Nestled among the rolling hills and trees along the Kansas River, is the suburban city of Bonner Springs, home to manifold attractions, from the Azura (Sandstone) Ampitheater, the National Agricultural Center and Hall of Fame, the Wyandotte County Historical Museum, and the annual Kansas City Renaissance Festival. Bonner Springs is part of the Kansas City MSA, which is anchored by nearby economic center, Kansas City, Missouri and incorporates 14 counties between Missouri and Kansas.

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Through
  • 7.5 Percent Rental Increases Every Five Years
  • 43,781 Residents within a Five-Mile Radius with Households Projected to Increase 8 Percent + by 2026 - Kansas City MSA
  • Dense Retail Corridor Anchored by Walmart and Price Chopper - Other National Retail Tenants Include McDonald's, Dollar Tree, Arby's, Walgreens, and Goodwill
  • Adjacent to a New Old Dominion Freight Line Service Center Currently in Development
  • Average Household Income Exceeds $110,500 within a Five-Mile Radius
  • Situated at a Heavily-Trafficked Intersection - 31,700+ Cars per Day at the Corner of South 130th Street and Kansas Ave

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Restaurant

Starbucks - New 10 Yr Lease

Listing Price: $2,467,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.2
Gross SF
2,663
Guarantor
Corporate Guarantee
Rentable SF
2,663
Price/Gross SF
$926.40
Lease Type
Double Net
Rent Per Square Feet
$48.63

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Through
  • 7.5 Percent Rental Increases Every Five Years
  • 43,781 Residents within a Five-Mile Radius with Households Projected to Increase 8 Percent + by 2026 - Kansas City MSA
  • Dense Retail Corridor Anchored by Walmart and Price Chopper - Other National Retail Tenants Include McDonald's, Dollar Tree, Arby's, Walgreens, and Goodwill
  • Adjacent to a New Old Dominion Freight Line Service Center Currently in Development
  • Average Household Income Exceeds $110,500 within a Five-Mile Radius
  • Situated at a Heavily-Trafficked Intersection - 31,700+ Cars per Day at the Corner of South 130th Street and Kansas Ave

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. Nestled among the rolling hills and trees along the Kansas River, is the suburban city of Bonner Springs, home to manifold attractions, from the Azura (Sandstone) Ampitheater, the National Agricultural Center and Hall of Fame, the Wyandotte County Historical Museum, and the annual Kansas City Renaissance Festival. Bonner Springs is part of the Kansas City MSA, which is anchored by nearby economic center, Kansas City, Missouri and incorporates 14 counties between Missouri and Kansas.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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