Starbucks - New 10 Yr. Lease 1085 Mid City Dr NW 2,500 SF Retail Building Huntsville, AL 35806 $6,685,770 CAD ($2,674.31 CAD/SF) 4.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10 Yr. NN Corp. Lease by Starbucks (NASDAQ: SBUX)- Double Drivethru- Just Opened!
- Huntsville is the Next Austin- Called Rocket City USA, U.S. Space Command/ Nasa Center Located Here
- Best in Class/ Iconic Brand- World Largest Coffee House Chain (36K+ Locations)- $115B+ CAP
- Legacy NNN Opportunity- Portion of Mid City District Mixed Use Master Planned/ High-Tech District
- True Trophy Site next to TopGolf- Epicenter of Retail Trade Area- The Camp/Huntsville Amphitheater
- Next to Cummings Research Park- 2nd Largest Research Park in the U.S.- over 100K High Tech Workers
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a new single tenant net leased investment occupied by Starbucks in Huntsville, AL. The new construction Starbucks is subject to a 10-year net lease with four 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and limited landlord responsibilities providing years of inflation resistant income. Starbucks is at the gateway of MidCity District, a 140-acre redevelopment project prioritizing entertainment fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,865 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2023
Price
$6,685,770 CAD
Price Per SF
$2,674.31 CAD
Cap Rate
4.41%
NOI
$294,749 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Opportunity Zone
Yes
Parking
32 Spaces
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-09-31-0-000-013.009 | Improvements Assessment | $199,997 CAD |
| Land Assessment | $181,623 CAD | Total Assessment | $381,620 CAD |
