Restaurant
New Two Tenant Starbucks Anchored Retail
1315 Old W Main St, Red Wing, MN 55066
Listing Price: $2,590,000
Investment Overview
Subject is a Recently Constructed 5,533 Square-Foot Two Tenant
Retail Building with Anchor Starbucks on a .73-Acre Lot with Ample
Parking and Easy Ingress/Egress at a Signalized Intersection.
Net Lease with Just Under 10 Years Remaining for Starbucks and
Approximately 2,400 Sq. Ft. Available with Consistent Interest
From Suitors - Master Lease w/Current Owner For One Year at COE.
New Two Tenant Starbucks Anchored Retail
Investment Highlights
- Tenant Starbucks (NASDAQ: SBUX) Currently Features a Stable Credit Rating of BBB+ from S&P and a Rating of Baa1 From Moody's.
- Traffic Counts on Main Street (4,255 VPD), and Highway 61 (19,973 VPD), and Less than One Mile from Highway 63 (12,482 VPD) (Source: CoStar, 2022).
- Nearby National Retailers Include: Target, T.J. Maxx, Slumberland, Sherwin-Williams, Advance Auto Parts, Dollar Tree, Walgreens, Arby's, Taco Bell, McDonald's, and Others.
- Thriving Community with an Average Household Income of Over $86K within Five Miles of the Subject Asset, as of 2022.
- Subject is 47 Miles from Downtown Saint Paul with an MSA Population of 3,712,020 (2023).
- Parks and Outdoor Recreational Facilities Nearby Include: Espen Island State Wildlife Area, Pierce County Islands State Hunting Grounds, Red Wing Golf Course, Mississippi National Golf Links, Spring Creek Prairie Natural Area, and More.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,590,000
Investment Highlights
- Tenant Starbucks (NASDAQ: SBUX) Currently Features a Stable Credit Rating of BBB+ from S&P and a Rating of Baa1 From Moody's.
- Traffic Counts on Main Street (4,255 VPD), and Highway 61 (19,973 VPD), and Less than One Mile from Highway 63 (12,482 VPD) (Source: CoStar, 2022).
- Nearby National Retailers Include: Target, T.J. Maxx, Slumberland, Sherwin-Williams, Advance Auto Parts, Dollar Tree, Walgreens, Arby's, Taco Bell, McDonald's, and Others.
- Thriving Community with an Average Household Income of Over $86K within Five Miles of the Subject Asset, as of 2022.
- Subject is 47 Miles from Downtown Saint Paul with an MSA Population of 3,712,020 (2023).
- Parks and Outdoor Recreational Facilities Nearby Include: Espen Island State Wildlife Area, Pierce County Islands State Hunting Grounds, Red Wing Golf Course, Mississippi National Golf Links, Spring Creek Prairie Natural Area, and More.
Investment Overview
Subject is a Recently Constructed 5,533 Square-Foot Two Tenant Retail Building with Anchor Starbucks on a .73-Acre Lot with Ample Parking and Easy Ingress/Egress at a Signalized Intersection. Net Lease with Just Under 10 Years Remaining for Starbucks and Approximately 2,400 Sq. Ft. Available with Consistent Interest From Suitors - Master Lease w/Current Owner For One Year at COE.
Exclusively Listed By
Broker of Record
Financing By
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