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Restaurant

Starbucks

631 S Glenstone Ave, Springfield, MO 65802

Listing Price: $2,149,000

Cap Rate
5.60%
Tenant Name
Starbucks
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
2,157
Lease Type
Double Net
Rent Per Square Feet
$55.78

Investment Overview

Marcus & Millichap is pleased to present for sale Starbucks in Springfield, Missouri. 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.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores.
Springfield is the third most populous city in Missouri and is the county seat of Greene County. Home to over 69,000 residents, the greater Springfield metropolitan area has a population of over 487,000 people. The city sits on the Springfield Plateau of the Ozarks, which ranges from nearly-level to rolling hills. Springfield is the second-largest urban area in the Ozarks.

Investment Highlights

  • Seven Plus Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX) (Early Five Year Lease Renewal)
  • Starbucks Fully Remodeled the Site in 2023
  • 165,372 Residents within a Five Mile Radius in Growing Springfield Trade Area - Households and Population Projected to Increase 2-3 percent in the Immediate Area by 2028
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • One Mile from Missouri State University (27,000 Students) and Evangel University (2,700 Students) and Two Miles from Downtown Springfield

Exclusively Listed By

Broker of Record

  • Dave Saverin

    First Vice President Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Financing By

Listing Price: $2,149,000

Cap Rate
5.60%
Tenant Name
Starbucks
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
2,157
Lease Type
Double Net
Rent Per Square Feet
$55.78

Investment Highlights

  • Seven Plus Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX) (Early Five Year Lease Renewal)
  • Starbucks Fully Remodeled the Site in 2023
  • 165,372 Residents within a Five Mile Radius in Growing Springfield Trade Area - Households and Population Projected to Increase 2-3 percent in the Immediate Area by 2028
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • One Mile from Missouri State University (27,000 Students) and Evangel University (2,700 Students) and Two Miles from Downtown Springfield

Investment Overview

Marcus & Millichap is pleased to present for sale Starbucks in Springfield, Missouri. 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.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Springfield is the third most populous city in Missouri and is the county seat of Greene County. Home to over 69,000 residents, the greater Springfield metropolitan area has a population of over 487,000 people. The city sits on the Springfield Plateau of the Ozarks, which ranges from nearly-level to rolling hills. Springfield is the second-largest urban area in the Ozarks.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    First Vice President Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

Financing By

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