Restaurant
Starbucks | Across $4.3 Billion Volkswagen Plant & New Amazon Facility
7283 Bonny Oaks Dr, Chattanooga, TN 37421
Listing Price: $2,698,000
Cap Rate
6.30%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$68.00
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Chattanooga, TN.
Starbucks | Across $4.3 Billion Volkswagen Plant & New Amazon Facility
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- Rare Self-Maintain Lease, Tenant Responsible for All On-Going Maintenance Directly
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- Serving Over 96,000 Residents in One of the Fastest-Growing Submarkets of Chattanooga
- Average Household Income Exceeds $94,000 in 3 Miles and $102,000 in 5 Miles
Exclusively Listed By
Broker of Record
Restaurant
Starbucks | Across $4.3 Billion Volkswagen Plant & New Amazon Facility
Listing Price: $2,698,000
Cap Rate
6.30%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Double Net
Rent Per Square Feet
$68.00
Investment Highlights
- New 10-Year Corporate Lease with No Early Termination Clause
- Rare Self-Maintain Lease, Tenant Responsible for All On-Going Maintenance Directly
- 10% Rental Increases Every 5 Years in the Base Term and Options
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Largest Coffeehouse Chain Globally with 41,000+ Stores in 88 Countries
- New Prototype Generates 50% More Revenue and Supports 70%+ of Sales Through Mobile, Drive-Thru, and Delivery
- Serving Over 96,000 Residents in One of the Fastest-Growing Submarkets of Chattanooga
- Average Household Income Exceeds $94,000 in 3 Miles and $102,000 in 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Starbucks in Chattanooga, TN.
Exclusively Listed By
Broker of Record
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