Restaurant

Starbucks

2016 S Hastings Way, Eau Claire, WI 54701

Listing Price: $1,577,890

Cap Rate
5.45%
Tenant Name
Starbucks
Years Remaining On Lease
5.20
Gross SF
1,820
Guarantor
Corporate Guarantee
Rentable SF
1,820
Price/Gross SF
$866.97
Lease Type
Double Net
Rent Per Square Feet
$47.25

Investment Overview

Marcus & Millichap is pleased to present for sale, Starbucks in Eau Claire, Wisconsin. The property was built in 2005 with a renewed 10 year lease signed in 2016 featuring five years remaining on term and an additional four, five-year options with five percent rent bumps each five year period. The location is situated on South Hastings Way and has a vehicle per day count of over 25,000.

Investment Highlights

  • 2016 Starbucks Corporate Lease
  • Five Years Remaining on Lease with Rent Bump Coming in 2021
  • Four, Five-Year Options with Five Percent Bumps
  • Excellent Intrinsic Value
  • Over $65,000 Average Household Income in Three-Mile Radius
  • Strong Vehicle Per Day Counts on South Hastings Way
  • HVAC Replaced in 2016

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Listing Price: $1,577,890

Cap Rate
5.45%
Tenant Name
Starbucks
Years Remaining On Lease
5.20
Gross SF
1,820
Guarantor
Corporate Guarantee
Rentable SF
1,820
Price/Gross SF
$866.97
Lease Type
Double Net
Rent Per Square Feet
$47.25

Investment Highlights

  • 2016 Starbucks Corporate Lease
  • Five Years Remaining on Lease with Rent Bump Coming in 2021
  • Four, Five-Year Options with Five Percent Bumps
  • Excellent Intrinsic Value
  • Over $65,000 Average Household Income in Three-Mile Radius
  • Strong Vehicle Per Day Counts on South Hastings Way
  • HVAC Replaced in 2016

Investment Overview

Marcus & Millichap is pleased to present for sale, Starbucks in Eau Claire, Wisconsin. The property was built in 2005 with a renewed 10 year lease signed in 2016 featuring five years remaining on term and an additional four, five-year options with five percent rent bumps each five year period. The location is situated on South Hastings Way and has a vehicle per day count of over 25,000.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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