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Shopping Strip

Starbucks & Verizon - NNN

1337-1339 N Westwood Blvd, Poplar Bluff, MO 63901

Listing Price: $2,563,100

Cap Rate
5.15%
Gross SF
3,750
Rentable SF
3,750
Price/Gross SF
$683.49
Lot Size
0.68 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present Verizon and Starbucks located at 1337-1339 N Westwood, Poplar Bluff, MO 63901. The subject offering is triple net lease that sits on a .68 acre land parcel with 3,750 square feet of rentable space. Recently constructed in 2018, the freestanding retail building has its own dedicated parking lot and excellent street visibility. Starbucks is subject to a recent 10-Year Triple-Net (NNN), with the initial annual rent of $79,500 and 10% increases every five years for 2,000 SF. This is the only Starbucks within 80 miles, and includes its best in class drive-thru experience. The renewal options offer four 5-year terms with 10% increases. Approximately 60%-70% of all business for quick-serve restaurants come from the drive-thru and an average Starbucks store sale are approximately 50% higher in location that feature a drive-thru. Verizon is subject to a recent 5 -Year Triple-Net (NNN), with the initial annual rent of $52,500 and 10% increases every five years for 1750 SF. The renewal options offer two 5-year terms with 10% increases. The subject property is on the frontage of Mansion Mall, a large shopping complex offering a variety of retail shops and restaurants. The property is situated on N Westwood Blvd, the main retail corridor in Poplar Bluff. As the main North/South thoroughfare for Poplar Bluff, Westwood Boulevard features a variety of national retailers including Walmart Supercenter, Home Depot, Hobby Lobby, ULTA Beauty, Marshalls, Petco, Big Lots, Harbor Freight, and ALDI.

Investment Highlights

  • Strategically Located as a Pad to Mansion Mall
  • 10-Year Starbucks Lease, with 10% Increases Every Five Years
  • 5-Year Lease with Verizon; Strategic Relocation
  • Triple Net Leases

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Listing Price: $2,563,100

Cap Rate
5.15%
Gross SF
3,750
Rentable SF
3,750
Price/Gross SF
$683.49
Lot Size
0.68 acres
Year Built
2018

Investment Highlights

  • Strategically Located as a Pad to Mansion Mall
  • 10-Year Starbucks Lease, with 10% Increases Every Five Years
  • 5-Year Lease with Verizon; Strategic Relocation
  • Triple Net Leases

Investment Overview

Marcus & Millichap is pleased to present Verizon and Starbucks located at 1337-1339 N Westwood, Poplar Bluff, MO 63901. The subject offering is triple net lease that sits on a .68 acre land parcel with 3,750 square feet of rentable space. Recently constructed in 2018, the freestanding retail building has its own dedicated parking lot and excellent street visibility. Starbucks is subject to a recent 10-Year Triple-Net (NNN), with the initial annual rent of $79,500 and 10% increases every five years for 2,000 SF. This is the only Starbucks within 80 miles, and includes its best in class drive-thru experience. The renewal options offer four 5-year terms with 10% increases. Approximately 60%-70% of all business for quick-serve restaurants come from the drive-thru and an average Starbucks store sale are approximately 50% higher in location that feature a drive-thru. Verizon is subject to a recent 5 -Year Triple-Net (NNN), with the initial annual rent of $52,500 and 10% increases every five years for 1750 SF. The renewal options offer two 5-year terms with 10% increases. The subject property is on the frontage of Mansion Mall, a large shopping complex offering a variety of retail shops and restaurants. The property is situated on N Westwood Blvd, the main retail corridor in Poplar Bluff. As the main North/South thoroughfare for Poplar Bluff, Westwood Boulevard features a variety of national retailers including Walmart Supercenter, Home Depot, Hobby Lobby, ULTA Beauty, Marshalls, Petco, Big Lots, Harbor Freight, and ALDI.

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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