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Restaurant

Starbucks | New Drive-Thru Prototype | Grocery Anchored Outparcel

805 37th Ave S, Moorhead, MN 56560

Listing Price: $2,721,000

Cap Rate
6.10%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
1,500
Guarantor
Corporate Guarantee
Rentable SF
1,500
Price/Gross SF
$1,814.00
Lease Type
Double Net
Rent Per Square Feet
$110.67

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.”
Moorhead, Minnesota is located in Clay County and is the largest City in northwest Minnesota. Situated in the Red River Valley, Moorhead is part of a rich agricultural region. The City of Moorhead is a growing community, and according to recent U.S. Census demographics, Moorhead has a population of 44,505 residents.

Investment Highlights

  • Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • High-Quality 2024 Construction of Starbucks New Drive-Thru Prototype
  • 10 Percent Rental Increases Every Five Years Throughout the Initial Term and Multiple Renewal Options - Rare for New Starbucks Leases
  • Excellent Frontage and Accessibility At Hard-Corner Signalized Intersection of 8th St S/US-75 and 37th Ave S (Over 20,230 Combined Cars per Day)
  • Located Beside Upcoming Developments in Azool Plaza Anchored by Hornbacher's Grocery Store
  • Central Location with Close Proximity to Minnesota State University Moorhead and North Dakota University
  • Immediate Proximity to I-94, with Over 69,900 Cars Per Day
  • Direct Connection to Central Moorhead, Minnesota, Downtown Fargo, North Dakota, and Hector International Airport

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Restaurant

Starbucks | New Drive-Thru Prototype | Grocery Anchored Outparcel

Listing Price: $2,721,000

Cap Rate
6.10%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
1,500
Guarantor
Corporate Guarantee
Rentable SF
1,500
Price/Gross SF
$1,814.00
Lease Type
Double Net
Rent Per Square Feet
$110.67

Investment Highlights

  • Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • High-Quality 2024 Construction of Starbucks New Drive-Thru Prototype
  • 10 Percent Rental Increases Every Five Years Throughout the Initial Term and Multiple Renewal Options - Rare for New Starbucks Leases
  • Excellent Frontage and Accessibility At Hard-Corner Signalized Intersection of 8th St S/US-75 and 37th Ave S (Over 20,230 Combined Cars per Day)
  • Located Beside Upcoming Developments in Azool Plaza Anchored by Hornbacher's Grocery Store
  • Central Location with Close Proximity to Minnesota State University Moorhead and North Dakota University
  • Immediate Proximity to I-94, with Over 69,900 Cars Per Day
  • Direct Connection to Central Moorhead, Minnesota, Downtown Fargo, North Dakota, and Hector International Airport

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.” Moorhead, Minnesota is located in Clay County and is the largest City in northwest Minnesota. Situated in the Red River Valley, Moorhead is part of a rich agricultural region. The City of Moorhead is a growing community, and according to recent U.S. Census demographics, Moorhead has a population of 44,505 residents.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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