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Restaurant

Starbucks | New 10-Yr. Lease & No Early Termination

269 E Commerce St, Hernando, MS 38632

Listing Price: $2,138,000

Cap Rate
5.80%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$55.73

Investment Overview

Marcus & Millichap is pleased to present the Starbucks in Hernando, MS.

Investment Highlights

  • 10-Year Lease with 10% Increases Every 5 Years, No Early Termination Clause
  • Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
  • Brand New High-Quality Construction with a Drive-Thru
  • Serving Over 188,000 Residents in DeSoto County, the Fastest Growing County in Mississippi
  • 20% Population Growth Over the Last 10 Years in DeSoto County
  • Affluent Trade Area, Average Household Income Exceeds $92,000 within 3 and 5 Miles
  • Strategic Location, Closest Freestanding Starbucks with a Drive-Thru is Over 8.5 Miles Away
  • Excellent Access and Visibility Along Major Artery with 25,000 Cars/Day, Just Off I-55 with 68,000 Cars/Day

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Restaurant

Starbucks | New 10-Yr. Lease & No Early Termination

Listing Price: $2,138,000

Cap Rate
5.80%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$55.73

Investment Highlights

  • 10-Year Lease with 10% Increases Every 5 Years, No Early Termination Clause
  • Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
  • Brand New High-Quality Construction with a Drive-Thru
  • Serving Over 188,000 Residents in DeSoto County, the Fastest Growing County in Mississippi
  • 20% Population Growth Over the Last 10 Years in DeSoto County
  • Affluent Trade Area, Average Household Income Exceeds $92,000 within 3 and 5 Miles
  • Strategic Location, Closest Freestanding Starbucks with a Drive-Thru is Over 8.5 Miles Away
  • Excellent Access and Visibility Along Major Artery with 25,000 Cars/Day, Just Off I-55 with 68,000 Cars/Day

Investment Overview

Marcus & Millichap is pleased to present the Starbucks in Hernando, MS.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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