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Restaurant

Starbucks w/ Dr-Thru | 2025 Construction | Montgomery MSA | Across from Top 4% Chick-fil-A in Chain

2003 Fairview Ave, Prattville (Montgomery MSA), AL 36066

Listing Price: $3,007,874

Cap Rate
6.35%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,203.15
Lease Type
Double Net
Rent Per Square Feet
$76.40

Investment Overview

Located in central Alabama, this region benefits from steady population growth, a diversified economy, and a strategic position within the Montgomery Metropolitan Statistical Area — the second-largest metro in the state with a population of over 385,000. The area serves as a critical junction between Birmingham and Montgomery, supported by its proximity to Interstate 65, a major north-south artery facilitating both commuter and regional travel.

Autauga County, one of the most affluent and fastest-growing counties in the state, continues to attract new residents and businesses due to its high quality of life, low cost of living, and access to top-rated schools and healthcare facilities. The surrounding community is marked by strong homeownership rates, high median household incomes, and consistent new housing development, all of which support ongoing commercial expansion.

The trade area features a robust retail presence along its main commercial corridor, which sees more than 33,000 vehicles per day. This corridor includes a dense mix of national retailers, grocery-anchored centers, restaurants, banks, and service providers, forming the economic heart of the community. Retail occupancy remains high, with low tenant turnover and strong year-over-year performance.

Civic and recreational anchors contribute additional daytime traffic, including multiple public and private schools, medical centers, and one of the state’s top-ranked golf destinations, drawing significant regional and out-of-state visitation. The area’s blend of residential density, economic diversity, and strategic infrastructure continues to make it one of Alabama’s most stable and attractive real estate markets.

Investment Highlights

  • 10 Year Starbucks Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Site is Directly Adjacent to a High Performing Chick-fil-A Location Ranked Top 4% in Chain Nationwide per Placer with Over 1.23M Annual Visitors Enhancing Site Visibility and Traffic.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17 Billion.
  • Positioned Along Area's Retail & Traffic Corridor: Near a Signalized Intersection - Features Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts of 35k+ Vehicles. Just One Mile from I-65, the Region's Dominant North-South Corridor Linking Montgomery to Birmingham.
  • The City of Prattville has Experienced Explosive Retail, Office, Industrial and Population Growth over the Last Decade - 20% Population Growth since 2000.
  • Prattville is part of the Montgomery MSA, Alabama's 2nd Largest Metro with over 385k Residents, known for Government, Healthcare, Manufacturing, and Military Economic Drivers.
  • Over 700 New Homes are Planned within 3 Miles, including Riverfell's $500M Mixed-Use Project and Multiple Subdivisions, driving Residential Growth and Supporting Long-Term Consumer Demand in the Trade Area.
  • Located Minutes from Central Alabama Community College, Prattville High School and Prattville Christian Academy, Creating Consistent Daily Traffic from Students, Parents, and Faculty. Less than Ten Minutes from Baptist Health Medical Center, Prattville's Largest Healthcare Employer, Generating Significant Weekday Traffic from Staff, Patients, and Visitors.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Starbucks w/ Dr-Thru | 2025 Construction | Montgomery MSA | Across from Top 4% Chick-fil-A in Chain

Listing Price: $3,007,874

Cap Rate
6.35%
Tenant Name
Starbucks
Years Remaining On Lease
9.6
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$1,203.15
Lease Type
Double Net
Rent Per Square Feet
$76.40

Investment Highlights

  • 10 Year Starbucks Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2025 High Quality Construction w/ Drive-Thru.
  • Site is Directly Adjacent to a High Performing Chick-fil-A Location Ranked Top 4% in Chain Nationwide per Placer with Over 1.23M Annual Visitors Enhancing Site Visibility and Traffic.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #116 on the Fortune 500 List with an Annual Revenue of more than $36.17 Billion.
  • Positioned Along Area's Retail & Traffic Corridor: Near a Signalized Intersection - Features Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts of 35k+ Vehicles. Just One Mile from I-65, the Region's Dominant North-South Corridor Linking Montgomery to Birmingham.
  • The City of Prattville has Experienced Explosive Retail, Office, Industrial and Population Growth over the Last Decade - 20% Population Growth since 2000.
  • Prattville is part of the Montgomery MSA, Alabama's 2nd Largest Metro with over 385k Residents, known for Government, Healthcare, Manufacturing, and Military Economic Drivers.
  • Over 700 New Homes are Planned within 3 Miles, including Riverfell's $500M Mixed-Use Project and Multiple Subdivisions, driving Residential Growth and Supporting Long-Term Consumer Demand in the Trade Area.
  • Located Minutes from Central Alabama Community College, Prattville High School and Prattville Christian Academy, Creating Consistent Daily Traffic from Students, Parents, and Faculty. Less than Ten Minutes from Baptist Health Medical Center, Prattville's Largest Healthcare Employer, Generating Significant Weekday Traffic from Staff, Patients, and Visitors.

Investment Overview

Located in central Alabama, this region benefits from steady population growth, a diversified economy, and a strategic position within the Montgomery Metropolitan Statistical Area — the second-largest metro in the state with a population of over 385,000. The area serves as a critical junction between Birmingham and Montgomery, supported by its proximity to Interstate 65, a major north-south artery facilitating both commuter and regional travel. Autauga County, one of the most affluent and fastest-growing counties in the state, continues to attract new residents and businesses due to its high quality of life, low cost of living, and access to top-rated schools and healthcare facilities. The surrounding community is marked by strong homeownership rates, high median household incomes, and consistent new housing development, all of which support ongoing commercial expansion. The trade area features a robust retail presence along its main commercial corridor, which sees more than 33,000 vehicles per day. This corridor includes a dense mix of national retailers, grocery-anchored centers, restaurants, banks, and service providers, forming the economic heart of the community. Retail occupancy remains high, with low tenant turnover and strong year-over-year performance. Civic and recreational anchors contribute additional daytime traffic, including multiple public and private schools, medical centers, and one of the state’s top-ranked golf destinations, drawing significant regional and out-of-state visitation. The area’s blend of residential density, economic diversity, and strategic infrastructure continues to make it one of Alabama’s most stable and attractive real estate markets.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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