Restaurant
Starbucks (New Construction)
2501 Merchantville Ave, Pennsauken, NJ 08110
Listing Price: $2,655,000
Cap Rate
5.65%
Tenant Name
Starbucks
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
2,200
Lease Type
Double Net
Rent Per Square Feet
$68.18
Investment Overview
Marcus & Millichap is pleased to exclusively present 2501 Merchantville Ave, Pennsauken, Camden County, New Jersey.
Starbucks (New Construction)
Investment Highlights
- 8.75 Years of Lease Term Remaining With Four Five-Year Renewal Options Extending Potential Occupancy Through 2055
- Attractive 10% Rent Increases Every Five Years Throughout the Base Term and Option Periods, Providing Long-term NOI Growth and Inflation Protection
- Minimal Landlord Responsibilities with NN Lease Structure; Tenant Responsible For Taxes, Insurance, Utilities, Repairs, and Maintenance
Exclusively Listed By
Listing Price: $2,655,000
Cap Rate
5.65%
Tenant Name
Starbucks
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
2,200
Lease Type
Double Net
Rent Per Square Feet
$68.18
Investment Highlights
- 8.75 Years of Lease Term Remaining With Four Five-Year Renewal Options Extending Potential Occupancy Through 2055
- Attractive 10% Rent Increases Every Five Years Throughout the Base Term and Option Periods, Providing Long-term NOI Growth and Inflation Protection
- Minimal Landlord Responsibilities with NN Lease Structure; Tenant Responsible For Taxes, Insurance, Utilities, Repairs, and Maintenance
Investment Overview
Marcus & Millichap is pleased to exclusively present 2501 Merchantville Ave, Pennsauken, Camden County, New Jersey.
Exclusively Listed By
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