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.
Exclusively Listed By
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
