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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
10.5
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.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

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
10.5
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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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