Starbucks w/DrThru | NN+ w/ Increases 3501 Nolana Ave

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN+ leased, drive-thru equipped, corporate signed, Starbucks investment property located in McAllen, TX. The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase after year 5 followed by 7.50% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: SBUX | S&P: BBB+) and is NN+ with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with nearly 39,000 operating locations worldwide.