Restaurant
Starbucks | New 10-Yr. Lease | No Early Termination
N Summit St. & Edgemont Dr., Arkansas City (South of Wichita), KS 67005
Listing Price: $2,403,000
Cap Rate
6.95%
Tenant Name
Starbucks
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
2,540
Lease Type
Double Net
Rent Per Square Feet
$65.75
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Arkansas, KS.
Starbucks | New 10-Yr. Lease | No Early Termination
Investment Highlights
- 10-Year Corporate Lease with No Early Termination Clause
- 7% Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Patio and Drive-Thru, Full Concrete Parking Lot
- Minimal Landlord Responsibilities Limited to Roof, Structure, and Parking Lot Replacement
- Strategic Location, Closest Starbucks is Over 27 Miles Away
- 1.5 Miles to Cowley Community College with 2,400 Students, Near K-12 Schools with 3,000 Students
- Close Proximity to South Central Kansas Regional Medical Campus with a New $29 Million Hospital
Broker of Record
Financing By
Restaurant
Starbucks | New 10-Yr. Lease | No Early Termination
Listing Price: $2,403,000
Cap Rate
6.95%
Tenant Name
Starbucks
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
2,540
Lease Type
Double Net
Rent Per Square Feet
$65.75
Investment Highlights
- 10-Year Corporate Lease with No Early Termination Clause
- 7% Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- New High-Quality Construction with a Patio and Drive-Thru, Full Concrete Parking Lot
- Minimal Landlord Responsibilities Limited to Roof, Structure, and Parking Lot Replacement
- Strategic Location, Closest Starbucks is Over 27 Miles Away
- 1.5 Miles to Cowley Community College with 2,400 Students, Near K-12 Schools with 3,000 Students
- Close Proximity to South Central Kansas Regional Medical Campus with a New $29 Million Hospital
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Arkansas, KS.
Broker of Record
Financing By
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