Restaurant
Starbucks
10215 SE Stark St, Portland, OR 97216
Listing Price: $7,250,000
Investment Overview
The subject property is a highly successful Absolute NNN Starbucks drive-thru located in Portland, Oregon. Starbucks has successfully occupied the building for over 16 years, has completed a remodel in 2020, and has over 6.5 years remaining on the lease. Starbucks is currently paying monthly percentage rent on substantial sales figures in addition to monthly fixed rent. Starbucks (NYSE: SBUX), a publicly traded company with an investment grade credit rating of “BBB+” by Standard & Poor’s, has a market cap of $124 Billion and an annual revenue of $32.91 Billion (2022).
Starbucks
Investment Highlights
- Top 5% Store Nationally – Starbucks Reporting Huge Sales and Paying Percentage Rent | Over 6.5 Years Remaining on Rare Absolute NNN Lease.
- Favorably Located in Portland's Gateway Plan District – All Future Drive-Through Facilities are Prohibited Within the District.
- Features Easy Access and Excellent Visibility on Southeast Stark Street and Southeast 102nd Avenue to Over 40,000 Vehicles Per Day.
- Strategically Positioned on the "AM" Side of the Street Less Than One Quarter Mile from I-205 (±150,000 VPD).
- Strong Retail Corridor – Immediate Surrounding Tenants Consist of The Home Depot, Target, Bank of America, Chase Bank, Wells Fargo, 7-Eleven, Burger King, Arby's, Denny's, Panda Express, Jack in the Box, Olive Garden, and many more.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $7,250,000
Investment Highlights
- Top 5% Store Nationally – Starbucks Reporting Huge Sales and Paying Percentage Rent | Over 6.5 Years Remaining on Rare Absolute NNN Lease.
- Favorably Located in Portland's Gateway Plan District – All Future Drive-Through Facilities are Prohibited Within the District.
- Features Easy Access and Excellent Visibility on Southeast Stark Street and Southeast 102nd Avenue to Over 40,000 Vehicles Per Day.
- Strategically Positioned on the "AM" Side of the Street Less Than One Quarter Mile from I-205 (±150,000 VPD).
- Strong Retail Corridor – Immediate Surrounding Tenants Consist of The Home Depot, Target, Bank of America, Chase Bank, Wells Fargo, 7-Eleven, Burger King, Arby's, Denny's, Panda Express, Jack in the Box, Olive Garden, and many more.
Investment Overview
The subject property is a highly successful Absolute NNN Starbucks drive-thru located in Portland, Oregon. Starbucks has successfully occupied the building for over 16 years, has completed a remodel in 2020, and has over 6.5 years remaining on the lease. Starbucks is currently paying monthly percentage rent on substantial sales figures in addition to monthly fixed rent. Starbucks (NYSE: SBUX), a publicly traded company with an investment grade credit rating of “BBB+” by Standard & Poor’s, has a market cap of $124 Billion and an annual revenue of $32.91 Billion (2022).
Exclusively Listed By
Broker of Record
Financing By
