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Restaurant

Starbucks | Brand New 10-Year Lease | 5.65% Cap

630 S Black River St, Sparta, WI 54656

Listing Price: $2,090,000

Cap Rate
5.65%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
10.2
Gross SF
2,460
Guarantor
Corporate Guarantee
Rentable SF
2,460
Price/Gross SF
$849.59
Lease Type
Double Net
Rent Per Square Feet
$48.00

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.” Sparta is a city in and the county seat of Monroe County, Wisconsin, United States, along the La Crosse River. Sparta is the home and international headquarters of several businesses including Century Foods International, Northern Engraving Corp., Spartek, Mathews Inc., F.A.S.T. Corp., Sparta Brush Company, McPherson Guitars, Multistack, Lake States Lumber, and Wesco Home Furnishings. Sparta is conveniently located on major highways with two exits on Interstate 90.

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Thru
  • Rental Increases and Multiple Renewal Options on Lease
  • Located Directly Beside Intersection of Interstate-90 Alternative and Citizen Soldier Highway-71 (Approximately 24,600 Combined Cars per Day)
  • Close Proximity to National Tenants – Walmart, McDonald's, Pizza Hut, Subway, Culver's, Walgreens, Domino's, O'Reilly Auto Parts, and Many More
  • Subject Property is Less than Six Miles from Fort McCoy Army Airfield
  • Highly Accessible Location Off of Wisconsin Veterans Memorial Highway-90, Major State Thoroughfare (Over 24,000 Cars per Day)
  • Direct Connection to Central Sparta and Fort McCoy Army Base

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Restaurant

Starbucks | Brand New 10-Year Lease | 5.65% Cap

Listing Price: $2,090,000

Cap Rate
5.65%
Tenant Name
Starbucks Corporation
Years Remaining On Lease
10.2
Gross SF
2,460
Guarantor
Corporate Guarantee
Rentable SF
2,460
Price/Gross SF
$849.59
Lease Type
Double Net
Rent Per Square Feet
$48.00

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Thru
  • Rental Increases and Multiple Renewal Options on Lease
  • Located Directly Beside Intersection of Interstate-90 Alternative and Citizen Soldier Highway-71 (Approximately 24,600 Combined Cars per Day)
  • Close Proximity to National Tenants – Walmart, McDonald's, Pizza Hut, Subway, Culver's, Walgreens, Domino's, O'Reilly Auto Parts, and Many More
  • Subject Property is Less than Six Miles from Fort McCoy Army Airfield
  • Highly Accessible Location Off of Wisconsin Veterans Memorial Highway-90, Major State Thoroughfare (Over 24,000 Cars per Day)
  • Direct Connection to Central Sparta and Fort McCoy Army Base

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.” Sparta is a city in and the county seat of Monroe County, Wisconsin, United States, along the La Crosse River. Sparta is the home and international headquarters of several businesses including Century Foods International, Northern Engraving Corp., Spartek, Mathews Inc., F.A.S.T. Corp., Sparta Brush Company, McPherson Guitars, Multistack, Lake States Lumber, and Wesco Home Furnishings. Sparta is conveniently located on major highways with two exits on Interstate 90.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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