Restaurant
Starbucks
2061 Jericho Tpke, Commack, NY 11725
Listing Price: $4,888,888
Cap Rate
4.30%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,151
Guarantor
Corporate Guarantee
Rentable SF
2,151
Price/Gross SF
$2,272.84
Lease Type
Double Net
Rent Per Square Feet
$97.63
Investment Overview
Marcus & Millichap is pleased to present for sale 2061 Jericho Turnpike, a brand new construction Starbucks location in Commack, NY.
Starbucks
Investment Highlights
- New Construction: Brand-new, double drive-thru property featuring strong rental increases throughout the base term and option periods.
- Investment Grade Tenant: Starbucks (NASDAQ: SBUX, S&P: BBB+)
- Starbucks Relocation: Tenant is relocating from a high-performing neighboring location ranked in the top 91st percentile nationally.
- Dense infill-market: Over 196,000 residents within a 5- mile radius.
- Affluent Market: $175,000 average household income within a 5- mile radius.
- Myriad Nearby National Retailers: Whole Foods, BJ's Wholesale Club, Home Depot, LIDL, Dick's Sporting Goods, Trader Joe's and Hobby Lobby.
Exclusively Listed By
Listing Price: $4,888,888
Cap Rate
4.30%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,151
Guarantor
Corporate Guarantee
Rentable SF
2,151
Price/Gross SF
$2,272.84
Lease Type
Double Net
Rent Per Square Feet
$97.63
Investment Highlights
- New Construction: Brand-new, double drive-thru property featuring strong rental increases throughout the base term and option periods.
- Investment Grade Tenant: Starbucks (NASDAQ: SBUX, S&P: BBB+)
- Starbucks Relocation: Tenant is relocating from a high-performing neighboring location ranked in the top 91st percentile nationally.
- Dense infill-market: Over 196,000 residents within a 5- mile radius.
- Affluent Market: $175,000 average household income within a 5- mile radius.
- Myriad Nearby National Retailers: Whole Foods, BJ's Wholesale Club, Home Depot, LIDL, Dick's Sporting Goods, Trader Joe's and Hobby Lobby.
Investment Overview
Marcus & Millichap is pleased to present for sale 2061 Jericho Turnpike, a brand new construction Starbucks location in Commack, NY.
Exclusively Listed By
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