Restaurant
New Construction Starbucks & Taco Bell
596 Franklin Ave, Franklin Square, NY 11003
Listing Price: $11,176,471
Cap Rate
4.25%
Tenant Name
Starbucks & Taco Bell
Years Remaining On Lease
20.2
Gross SF
4,856
Guarantor
Corporate Guarantee
Rentable SF
4,856
Price/Gross SF
$2,301.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$97.82
Investment Overview
Marcus & Millichap is please to present 596 Franklin Avenue, Franklin Square, NY.
New Construction Starbucks & Taco Bell
Investment Highlights
- New Construction: Brand-new, dual drive-thru properties featuring strong rental increases throughout the base term and option periods. Expected opening August 2025.
- Investment Grade Tenants: Starbucks (NASDAQ: SBUX, S&P: BBB+) and Taco Bell/Yum Brands! (NYSE: YUM, S&P: BB+)
- Dense infill-market: Over 816,000 residents within a 5-mile radius.
- Affluent Market: $144,000 average household income within a 5-mile radius.
- High Barrier to Entry: Complex and time-consuming entitlement and approval processes limit new tenant relocation opportunities.
- High-Traffic Thoroughfare: Located on heavily traveled Franklin Avenue (20,600 VPD) & just north of the Southern State Parkway (194,000 VPD).
- Starbucks Relocation: Tenant is relocating from a high-performing café-only location ranked in the top 94th percentile nationally.
Exclusively Listed By
Listing Price: $11,176,471
Cap Rate
4.25%
Tenant Name
Starbucks & Taco Bell
Years Remaining On Lease
20.2
Gross SF
4,856
Guarantor
Corporate Guarantee
Rentable SF
4,856
Price/Gross SF
$2,301.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$97.82
Investment Highlights
- New Construction: Brand-new, dual drive-thru properties featuring strong rental increases throughout the base term and option periods. Expected opening August 2025.
- Investment Grade Tenants: Starbucks (NASDAQ: SBUX, S&P: BBB+) and Taco Bell/Yum Brands! (NYSE: YUM, S&P: BB+)
- Dense infill-market: Over 816,000 residents within a 5-mile radius.
- Affluent Market: $144,000 average household income within a 5-mile radius.
- High Barrier to Entry: Complex and time-consuming entitlement and approval processes limit new tenant relocation opportunities.
- High-Traffic Thoroughfare: Located on heavily traveled Franklin Avenue (20,600 VPD) & just north of the Southern State Parkway (194,000 VPD).
- Starbucks Relocation: Tenant is relocating from a high-performing café-only location ranked in the top 94th percentile nationally.
Investment Overview
Marcus & Millichap is please to present 596 Franklin Avenue, Franklin Square, NY.
Exclusively Listed By
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