Investment Overview

Legend Commercial in conjunction with Marcus & Millichap are pleased to present the opportunity to acquire a freestanding Starbucks drive-thru located at 2087 S 1100 W in West Haven, Utah, near the high-traffic I-15/I-84 interchange along the Northern Wasatch Front. The ±1,170-square-foot restaurant, new 2024 construction featuring a modern drive-thru prototype, sits on ±0.79 acres and is secured by a corporate-guaranteed modified NNN lease with approximately 9 years remaining through April 2035 and minimal landlord responsibilities. Annual base rent of $140,000 produces a 5.88% cap rate, with scheduled 10% rent increases every five years and four (4) five-year renewal options providing long-term income growth and inflation protection. The lease is corporate-guaranteed by Starbucks Corporation (NASDAQ: SBUX), the world's leading specialty coffee retailer with $37.2 billion in 2025 revenue and 40,000+ locations worldwide. The property is positioned along W 2100 S (±21,252 VPD) at the signalized intersection with S 1100 W (±6,638 VPD), with convenient access to Interstate 15 (±90,055 VPD) and Interstate 84. Corridor neighbors include McDonald's and Chevron. The 5-mile trade area encompasses 178,481 residents with an average household income of $107,043. West Haven is one of the fastest-growing cities in Utah since 2020, anchored by a newly approved 176,000-square-foot Walmart Supercenter and a $361 million UDOT interchange reconstruction project enhancing regional connectivity. The asset sits within the Salt Lake City MSA (population 1.31 million, $134,383 average household income), ranked No. 3 Best-Performing City in the U.S. by the Milken Institute (2025). Major employers include Hill Air Force Base (25,000+ personnel), Intermountain Health, Adobe, and Goldman Sachs, supporting durable demand for this passive, corporate-guaranteed net-lease investment.