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Restaurant

Starbucks

13506 Olive Blvd, Chesterfield, MO 63017

Listing Price: $1,853,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
4.8
Gross SF
627
Guarantor
Corporate Guarantee
Rentable SF
627
Price/Gross SF
$2,955.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$140.35

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Covering approximately 32 square miles in suburban St. Louis County, the City of Chesterfield, Missouri is a thriving residential and business community. Chesterfield is located just 25 minutes west of downtown St. Louis along Interstate 64, home to mid-level office buildings, tree-lined neighborhoods, shopping centers and rustic horse farms among rolling hills and lush green valleys. Top employers include St. Luke's Hospital, Parkway School District, and Bayer.

Investment Highlights

  • Five Years Remaining on Triple-Net Lease with Below Market Rent
  • Corporate Guaranty, Investment Grade Credit Tenant (S&P Rating: BBB+)
  • 10 Percent Rental Increases Every Five Years, with Four (4), Five-Year Options
  • Surrounded by Major National Retail Tenants - McDonald's, Firehouse Subs, Goodwill, Anytime Fitness, Domino's, Taco Bell, Bowlero, and Many More
  • Grocery Anchored Outparcel Location: High Visibility at Hard-Corner Signalized Intersection of Olive Boulevard / MO-340 and N Wood Mills Road (Over 36,000 Cars per Day)
  • Dense Daytime Population of 503,630 Employees on Average in Surrounding Area
  • Prime Retail Corridor between Four Seasons Shopping Center and Woods Mill Plaza, with Direct Connections along MO-340 to Chesterfield Mall and Chesterfield Commons
  • Located in Affluent Suburb of St. Louis: Average Household Income in Immediate Area Exceeds $139,000 per Year

Exclusively Listed By

Financing By

Listing Price: $1,853,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
4.8
Gross SF
627
Guarantor
Corporate Guarantee
Rentable SF
627
Price/Gross SF
$2,955.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$140.35

Investment Highlights

  • Five Years Remaining on Triple-Net Lease with Below Market Rent
  • Corporate Guaranty, Investment Grade Credit Tenant (S&P Rating: BBB+)
  • 10 Percent Rental Increases Every Five Years, with Four (4), Five-Year Options
  • Surrounded by Major National Retail Tenants - McDonald's, Firehouse Subs, Goodwill, Anytime Fitness, Domino's, Taco Bell, Bowlero, and Many More
  • Grocery Anchored Outparcel Location: High Visibility at Hard-Corner Signalized Intersection of Olive Boulevard / MO-340 and N Wood Mills Road (Over 36,000 Cars per Day)
  • Dense Daytime Population of 503,630 Employees on Average in Surrounding Area
  • Prime Retail Corridor between Four Seasons Shopping Center and Woods Mill Plaza, with Direct Connections along MO-340 to Chesterfield Mall and Chesterfield Commons
  • Located in Affluent Suburb of St. Louis: Average Household Income in Immediate Area Exceeds $139,000 per Year

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Covering approximately 32 square miles in suburban St. Louis County, the City of Chesterfield, Missouri is a thriving residential and business community. Chesterfield is located just 25 minutes west of downtown St. Louis along Interstate 64, home to mid-level office buildings, tree-lined neighborhoods, shopping centers and rustic horse farms among rolling hills and lush green valleys. Top employers include St. Luke's Hospital, Parkway School District, and Bayer.

Exclusively Listed By

Financing By

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