Restaurant
Starbucks (NASDAQ: SBUX)
279 Perry Pkwy, Perry, GA 31069
Listing Price: $1,075,269
Investment Overview
The Deltondo Team of Marcus & Millichap is pleased to present for sale a Corporate Starbucks (NASDAQ: SBUX) in Perry, Georgia. Starbucks extended its lease early in 2021 and has 9+ years remaining on the current term. Starbucks is Outparcel to Publix Supermarket and surrounded by national tenants including McDonald's, Circle K, O'Reilly Auto Parts, and Wendy's among others.
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Starbucks Corporation (NASDAQ: “SBUX”) is the premier roaster, marketer, and retailer of specialty coffee in the world, operating more than 35,711 locations globally. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery, and national foodservice accounts through its Global Coffee Alliance with Nestlé S.A. (“Nestlé”). In addition to the flagship Starbucks Coffee brand, Starbucks also sells goods and services under the Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names. Starbucks introduced new store formats, such as Starbucks Pickup, Starbucks Now stores, and curbside pickup, to enhance the “on-the-go” customer experience and improve operating efficiency across Starbucks stores in certain major metropolitan areas in the United States. New store formats are suitable for customers who prefer to order ahead and pay through the Starbucks Mobile App for pick-up. As of 2020, Forbes ranked Starbucks as the world’s second-largest restaurant company and the world’s 393rd-largest company overall, as well as ranking 37th on Forbes’ World’s Most Valuable Brands 2020.
Starbucks (NASDAQ: SBUX)
Investment Highlights
- Commitment to Location: SBUX (NASDAQ) Extended Lease Early in 2021. 9+ Years Remaining on Lease Term with 10% Rental Increases Every 5 Years Including Option Periods.
- Prominent Location: Outparcel to Publix Supermarket and urgent care, and surrounded by national tenants including McDonald's, Circle K, O'Reilly Auto Parts and Wendy's among others.
- Corporate Guaranty: The World-Renowned Coffee Chain Operates more than 35,711 Units Across the Globe.
- Below Market Rent: Historically Low Price for Starbucks' Corporate Guaranty.
- Nearby Schools: Within 3 miles of Morningside Elementary & Perry Middle and High Schools, with a combined enrollment of 3,022 students.
- Nearby Employers: The nation's largest Frito-Lay plant is 7 miles away, and Houston County Superior Court and Department of Motor Vehicles are less than a mile away.
Listing Price: $1,075,269
Investment Highlights
- Commitment to Location: SBUX (NASDAQ) Extended Lease Early in 2021. 9+ Years Remaining on Lease Term with 10% Rental Increases Every 5 Years Including Option Periods.
- Prominent Location: Outparcel to Publix Supermarket and urgent care, and surrounded by national tenants including McDonald's, Circle K, O'Reilly Auto Parts and Wendy's among others.
- Corporate Guaranty: The World-Renowned Coffee Chain Operates more than 35,711 Units Across the Globe.
- Below Market Rent: Historically Low Price for Starbucks' Corporate Guaranty.
- Nearby Schools: Within 3 miles of Morningside Elementary & Perry Middle and High Schools, with a combined enrollment of 3,022 students.
- Nearby Employers: The nation's largest Frito-Lay plant is 7 miles away, and Houston County Superior Court and Department of Motor Vehicles are less than a mile away.
Investment Overview
The Deltondo Team of Marcus & Millichap is pleased to present for sale a Corporate Starbucks (NASDAQ: SBUX) in Perry, Georgia. Starbucks extended its lease early in 2021 and has 9+ years remaining on the current term. Starbucks is Outparcel to Publix Supermarket and surrounded by national tenants including McDonald's, Circle K, O'Reilly Auto Parts, and Wendy's among others. ? Starbucks Corporation (NASDAQ: “SBUX”) is the premier roaster, marketer, and retailer of specialty coffee in the world, operating more than 35,711 locations globally. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery, and national foodservice accounts through its Global Coffee Alliance with Nestlé S.A. (“Nestlé”). In addition to the flagship Starbucks Coffee brand, Starbucks also sells goods and services under the Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names. Starbucks introduced new store formats, such as Starbucks Pickup, Starbucks Now stores, and curbside pickup, to enhance the “on-the-go” customer experience and improve operating efficiency across Starbucks stores in certain major metropolitan areas in the United States. New store formats are suitable for customers who prefer to order ahead and pay through the Starbucks Mobile App for pick-up. As of 2020, Forbes ranked Starbucks as the world’s second-largest restaurant company and the world’s 393rd-largest company overall, as well as ranking 37th on Forbes’ World’s Most Valuable Brands 2020.
