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Restaurant

New Construction Starbucks | Lowe’s Outparcel | No Kick Out Clause

Hinton Rd, Corinth, MS 38834

Listing Price: $3,035,733

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$63.75

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Starbucks located at Hwy 72 & Hinton Street in Corinth, Mississippi. The site consists of roughly 2,500 rentable square feet of newly constructed building space adjacent to a newly built and high performing Chick-fil-A location. This Starbucks is subject to a 10-year lease, which is set to commence in October of 2022. The location is equipped with a double drive-thru and outdoor seating and is the newest Starbuck’s prototype. US Highway 72 intersects South Harper Road, which brings an additional 13,300 vehicles into the immediate area. The site is ideally located in the town’s main retail corridor, minutes from Walgreens, Kroger and immediately in front of a Lowe’s. Both Starbucks and Chick-fil-A selected this hard corner in the center of Corinth for these reasons.

Investment Highlights

  • Brand New 2022 Construction | New 10-Year Lease
  • Starbucks Corporate Guarantee | Fee Simple
  • Location is Equipped With a Double Drive-Thru and Outdoor Seating! Newest Starbuck's Prototype

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Restaurant

New Construction Starbucks | Lowe’s Outparcel | No Kick Out Clause

Listing Price: $3,035,733

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$63.75

Investment Highlights

  • Brand New 2022 Construction | New 10-Year Lease
  • Starbucks Corporate Guarantee | Fee Simple
  • Location is Equipped With a Double Drive-Thru and Outdoor Seating! Newest Starbuck's Prototype

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Starbucks located at Hwy 72 & Hinton Street in Corinth, Mississippi. The site consists of roughly 2,500 rentable square feet of newly constructed building space adjacent to a newly built and high performing Chick-fil-A location. This Starbucks is subject to a 10-year lease, which is set to commence in October of 2022. The location is equipped with a double drive-thru and outdoor seating and is the newest Starbuck’s prototype. US Highway 72 intersects South Harper Road, which brings an additional 13,300 vehicles into the immediate area. The site is ideally located in the town’s main retail corridor, minutes from Walgreens, Kroger and immediately in front of a Lowe’s. Both Starbucks and Chick-fil-A selected this hard corner in the center of Corinth for these reasons.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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