Restaurant
Starbucks, Freeport, NY
168 Atlantic Ave, Freeport, NY 11520
Listing Price: $4,250,000
Cap Rate
4.71%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Gross SF
3,038
Guarantor
Corporate Guarantee
Rentable SF
3,038
Price/Gross SF
$1,398.95
Lease Type
Double Net
Rent Per Square Feet
$65.83
Investment Overview
NN Starbucks 9+ Years Remaining
Starbucks, Freeport, NY
Investment Highlights
- New 10 Year Lease: Brand new NN Starbucks lease with strong rental increases throughout the base term and option periods.
- Over 393,000 residents within a 5-mile radius. $136,000 average household income within a 5-mile radius.
- High Traffic Thoroughfare: Situated on the heavily traveled Atlantic Avenue with a daily traffic count of more than 30,000 vehicles.
- High Barrier to Entry: Extremely challenging and time consuming entitlement and approval processes limit tenant relocation prospects.
- Myriad Nearby National Retailers: Home Depot, Target, Five Below, McDonald's, Taco Bell, CVS, Citibank, Citibank and Burger King.
Exclusively Listed By
Listing Price: $4,250,000
Cap Rate
4.71%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Gross SF
3,038
Guarantor
Corporate Guarantee
Rentable SF
3,038
Price/Gross SF
$1,398.95
Lease Type
Double Net
Rent Per Square Feet
$65.83
Investment Highlights
- New 10 Year Lease: Brand new NN Starbucks lease with strong rental increases throughout the base term and option periods.
- Over 393,000 residents within a 5-mile radius. $136,000 average household income within a 5-mile radius.
- High Traffic Thoroughfare: Situated on the heavily traveled Atlantic Avenue with a daily traffic count of more than 30,000 vehicles.
- High Barrier to Entry: Extremely challenging and time consuming entitlement and approval processes limit tenant relocation prospects.
- Myriad Nearby National Retailers: Home Depot, Target, Five Below, McDonald's, Taco Bell, CVS, Citibank, Citibank and Burger King.
Investment Overview
NN Starbucks 9+ Years Remaining
Exclusively Listed By
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