Skip to main content

Restaurant

Starbucks Drive/Thru Ground Lease

345 N Ave E, Cranford, NJ 07016

Listing Price: $2,475,000

Cap Rate
4.00%
Tenant Name
Starbucks
Years Remaining On Lease
7.8
Guarantor
Corporate Guarantee
Rentable SF
12,600
Lease Type
Ground Lease
Rent Per Square Feet
$7.86

Investment Overview

Marcus & Millichap is pleased to exclusively present an extremely rare Starbucks drive/thru only ground lease located at 345 North Avenue East, Cranford, New Jersey.

Investment Highlights

  • Zero Landlord Responsibilities
  • Over Eight Years Remaining on 15-Year Original Lease
  • Next Increase 3/1/2025

Exclusively Listed By

Restaurant

Starbucks Drive/Thru Ground Lease

Listing Price: $2,475,000

Cap Rate
4.00%
Tenant Name
Starbucks
Years Remaining On Lease
7.8
Guarantor
Corporate Guarantee
Rentable SF
12,600
Lease Type
Ground Lease
Rent Per Square Feet
$7.86

Investment Highlights

  • Zero Landlord Responsibilities
  • Over Eight Years Remaining on 15-Year Original Lease
  • Next Increase 3/1/2025

Investment Overview

Marcus & Millichap is pleased to exclusively present an extremely rare Starbucks drive/thru only ground lease located at 345 North Avenue East, Cranford, New Jersey.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower