Investment Overview

This corporately guaranteed Starbucks is a 2025 built-to-suit project backed by a 10-year lease. The lease includes 10% rental increases every five years and four additional five-year renewal options. Rent is scheduled to commence in October 2025. The property is strategically positioned as an outlot to a Walmart Supercenter—which sees approximately 1.5 million annual visits—and is surrounded by national tenants such as Goodwill, McDonald’s, Advance Auto Parts, Rite Aid, Verizon, and Dollar Tree. The property is positioned on a hard corner along heavily traveled Route 119, which sees approximately 26,000 vehicles per day, and is just 1,000 feet from the Route 22 interchange with an additional 14,000 vehicles per day. Nearby demand drivers include three Tri-Star auto dealerships, the Chestnut Ridge Golf Resort & Conference Center, and two major hotels—Hampton Inn and Days Inn—all within a mile. Nestled at the foothills of the Allegheny Mountains, the location blends visibility, traffic, and steady consumer demand.