Restaurant

Former Starbucks (Dark)

3809 W State St, Boise, ID 83703

Listing Price: $985,000

Cap Rate
9.43%
Tenant Name
Former Starbucks (Dark)
Years Remaining On Lease
0.5
Gross SF
1,700
Guarantor
Corporate Guarantee
Rentable SF
1,700
Price/Gross SF
$579.41
Lease Type
Absolute Net
Rent Per Square Feet
$54.63

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Starbucks located at 3809 W State St, Boise, ID 83703. The property consists of a 1,700-square foot building with drive-thru on a 26,005 foot lot. Starbucks operated at this location from 2006 to 2019 when it was originally built to suit featuring interior seating and a drive-thru. Ideally located at the intersection of W. State Street and N. Veterans Memorial Pkwy the subject property is exposed to over 65,000+ vehicles per day. Currently, the lease is being guaranteed until August 1, 2021 by Starbucks Corp.

Boise is the capital and most populous city of the U.S. state of Idaho, as well as the county seat of Ada County. Located on the Boise River in
southwestern Idaho, the population of Boise at the 2010 Census was 205,671, the 99th largest in the nation. Its estimated population in 2019
was 228,959.

The Boise-Nampa metropolitan area includes five counties with a combined population of 664,422, the most populous metropolitan area in
Idaho. It contains the state's three largest cities; Boise, Nampa, and Meridian. Boise is the third most populous metropolitan area and city in the
United States' Pacific Northwest region, behind Seattle and Portland.

Investment Highlights

  • Corporate Guaranteed Lease by Starbucks until August 1, 2021
  • Major Signalized Intersection (65,000 + VPD)
  • 188,000+ Residents Within a Five-Mile radius
  • Average Household Income $64,000+ Within a Five-Mile Radius
  • Location 4.5 Miles from Boise State University(BSU) - 25,540 Students (Fall 2018)

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

Restaurant

Former Starbucks (Dark)

Listing Price: $985,000

Cap Rate
9.43%
Tenant Name
Former Starbucks (Dark)
Years Remaining On Lease
0.5
Gross SF
1,700
Guarantor
Corporate Guarantee
Rentable SF
1,700
Price/Gross SF
$579.41
Lease Type
Absolute Net
Rent Per Square Feet
$54.63

Investment Highlights

  • Corporate Guaranteed Lease by Starbucks until August 1, 2021
  • Major Signalized Intersection (65,000 + VPD)
  • 188,000+ Residents Within a Five-Mile radius
  • Average Household Income $64,000+ Within a Five-Mile Radius
  • Location 4.5 Miles from Boise State University(BSU) - 25,540 Students (Fall 2018)

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Starbucks located at 3809 W State St, Boise, ID 83703. The property consists of a 1,700-square foot building with drive-thru on a 26,005 foot lot. Starbucks operated at this location from 2006 to 2019 when it was originally built to suit featuring interior seating and a drive-thru. Ideally located at the intersection of W. State Street and N. Veterans Memorial Pkwy the subject property is exposed to over 65,000+ vehicles per day. Currently, the lease is being guaranteed until August 1, 2021 by Starbucks Corp.

Boise is the capital and most populous city of the U.S. state of Idaho, as well as the county seat of Ada County. Located on the Boise River in
southwestern Idaho, the population of Boise at the 2010 Census was 205,671, the 99th largest in the nation. Its estimated population in 2019
was 228,959.

The Boise-Nampa metropolitan area includes five counties with a combined population of 664,422, the most populous metropolitan area in
Idaho. It contains the state's three largest cities; Boise, Nampa, and Meridian. Boise is the third most populous metropolitan area and city in the
United States' Pacific Northwest region, behind Seattle and Portland.

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

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