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Restaurant

Starbucks New Construction No Kick out Clause

2108 North Ave, Sheboygan, WI 53083

Listing Price: $2,450,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,016
Lease Type
Double Net
Rent Per Square Feet
$60.76

Investment Overview

Marcus & Millichap is pleased to present for sale this Starbucks Coffee located at 2108 North Avenue in Sheboygan, Wisconsin. Sheboygan is a city in and the county seat of Sheboygan County with a population of more than 49,000 people. Sheboygan is the principal city of the Sheboygan Metropolitan Statistical Area with a growing population of 118,034. Located on the western shore of Lake Michigan at the mouth of the Sheboygan River, this city is 50 miles north of Milwaukee and 64 miles south of Green Bay. Sheboygan’s growth is attributed to a range of new and existing housing options including waterfront condominiums and affordable single-family houses. Sheboygan was voted by Money Magazine as the “Most Livable” city six years in a row and is known for a family-friendly lifestyle, great schools, varied employment opportunities and an assortment of quality of life amenities. It has also been voted “Best Retirement Community” based on recreation, cost of living and safety. Sheboygan is also a notable surfing destination and has been called “The Malibu of the Midwest” and is considered to be one of the best places to surf in the Great Lakes Region. This brand-new construction Starbucks with Drive Thru is located at a signalized intersection and shares ingress and egress with an Advance Auto and Cousins Subs with traffic counts exceeding 24,400 vehicles per day. Retailers in the immediate area include Walgreens, McDonald’s, Kwik Trip, Subway, O’Reilly Auto Parts and Dollar Tree to name a few. Several apartment complexes are located in close vicinity to this Starbucks including Mendocino Village and Estates with 178 units, Meadowlark Estates with 55 units, Valley View Apartments with 25 units and Balzer Wagon Works Apartments and the Estates Apartment Complex. Schools located nearby this Starbucks include Howards Grove Public School District with 906 students and Cooper Elementary with 305 students. The University of Wisconsin-Green Bay Sheboygan Campus is located here with 8,700 enrolled students and lakeshore Technical College with over 10,000 enrolled students. Hospitals in the area include Aurora Sheboygan Memorial Medical Center with 185 beds and St. Nicholas Hospital also with 185 beds. Starbucks is an American multinational chain of coffeehouses and roastery reserves located in Seattle, Washington. It is the world’s largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries and 15,444 are located in the United States. Starbucks employs over 349,000 people. In 2021 Starbucks’ new revenue reached 24.61 Billion U.S. Dollars.

Investment Highlights

  • Brand New Construction Starbucks with Drive Thru
  • 10 Year Corporate Guaranteed Lease| 10% Increases Every 5 Years
  • S&P BBB+ Rating | Nasdaq (SBUX)
  • Situated at a Signalized Intersection with traffic counts exceeding 24,400 vehicles per day
  • Starbucks Corporation Had 33,833 Stores in 80 Countries as of 2021 With Starbucks' Net Revenue Reaching 24.61 Billion U.S. Dollars in 2021 Reflecting an Increase Over the Previous Year's Total of 19.61 Billion Dollars

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Restaurant

Starbucks New Construction No Kick out Clause

Listing Price: $2,450,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,016
Lease Type
Double Net
Rent Per Square Feet
$60.76

Investment Highlights

  • Brand New Construction Starbucks with Drive Thru
  • 10 Year Corporate Guaranteed Lease| 10% Increases Every 5 Years
  • S&P BBB+ Rating | Nasdaq (SBUX)
  • Situated at a Signalized Intersection with traffic counts exceeding 24,400 vehicles per day
  • Starbucks Corporation Had 33,833 Stores in 80 Countries as of 2021 With Starbucks' Net Revenue Reaching 24.61 Billion U.S. Dollars in 2021 Reflecting an Increase Over the Previous Year's Total of 19.61 Billion Dollars

Investment Overview

Marcus & Millichap is pleased to present for sale this Starbucks Coffee located at 2108 North Avenue in Sheboygan, Wisconsin. Sheboygan is a city in and the county seat of Sheboygan County with a population of more than 49,000 people. Sheboygan is the principal city of the Sheboygan Metropolitan Statistical Area with a growing population of 118,034. Located on the western shore of Lake Michigan at the mouth of the Sheboygan River, this city is 50 miles north of Milwaukee and 64 miles south of Green Bay. Sheboygan’s growth is attributed to a range of new and existing housing options including waterfront condominiums and affordable single-family houses. Sheboygan was voted by Money Magazine as the “Most Livable” city six years in a row and is known for a family-friendly lifestyle, great schools, varied employment opportunities and an assortment of quality of life amenities. It has also been voted “Best Retirement Community” based on recreation, cost of living and safety. Sheboygan is also a notable surfing destination and has been called “The Malibu of the Midwest” and is considered to be one of the best places to surf in the Great Lakes Region. This brand-new construction Starbucks with Drive Thru is located at a signalized intersection and shares ingress and egress with an Advance Auto and Cousins Subs with traffic counts exceeding 24,400 vehicles per day. Retailers in the immediate area include Walgreens, McDonald’s, Kwik Trip, Subway, O’Reilly Auto Parts and Dollar Tree to name a few. Several apartment complexes are located in close vicinity to this Starbucks including Mendocino Village and Estates with 178 units, Meadowlark Estates with 55 units, Valley View Apartments with 25 units and Balzer Wagon Works Apartments and the Estates Apartment Complex. Schools located nearby this Starbucks include Howards Grove Public School District with 906 students and Cooper Elementary with 305 students. The University of Wisconsin-Green Bay Sheboygan Campus is located here with 8,700 enrolled students and lakeshore Technical College with over 10,000 enrolled students. Hospitals in the area include Aurora Sheboygan Memorial Medical Center with 185 beds and St. Nicholas Hospital also with 185 beds. Starbucks is an American multinational chain of coffeehouses and roastery reserves located in Seattle, Washington. It is the world’s largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries and 15,444 are located in the United States. Starbucks employs over 349,000 people. In 2021 Starbucks’ new revenue reached 24.61 Billion U.S. Dollars.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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