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