Starbucks 2090 John harden Drive, Jacksonville, AR Cap Rate 5.75% East Jacksonville (Jacksonville, Arkansas, US ) Built

$1,838,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 1,748 sq. ft.
  • Development Level: Built
  • Year Built: 2007

Description

Starbucks 2090 John harden Drive, Jacksonville, AR Cap Rate 5.75%

Cap Rate: 5.75%
NOI: $105,711
Building Size: 1,748 sqft
Occupancy: 100%
Year Built: 2007

Price: $1,838,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, investment grade (S&P:BBB+), corporate guaranteed, Starbucks investment property located in Jacksonville, Arkansas (Little Rock MSA). The tenant, Starbucks, has approximately 8 years remaining with 4 (5-year) options to extend. The lease features a 4.76% rental increase in April 2022 and various rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Starbucks Corporation, an investment grade (S&P: BBB+), globally recognized, and established tenant, with over 25,000 locations. The lease is NNN with landlord responsibilities limited to roof and structure.

Starbucks is strategically located on John Harden Drive and adjacent to US Highway 167 & 67 (49,000 VPD), a major north/south thoroughfare for the state of Arkansas, with direct on/off ramp access nearby. The site is equipped with a large pylon sign, providing excellent visibility along US Highway 167 & 67. Further, the site is also equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus generally experience higher sales than those without. Starbucks is ideally positioned adjacent the Jacksonville Plaza (260,000 SF) anchored by a 24-Hour Walmart Supercenter, increasing crossover traffic to the site. The site is also within close proximity to Gregory Place Shopping Center (182,000 SF), anchored by Kroger, Harbor Freight Tools, and Dollar Tree. Other nearby national/credit tenants include Aaron’s, Lowe’s Home Improvement, Walgreens, O’Reilly Auto Parts, and more, further increasing consumer traffic to the subject area. The asset is less than 1.5 miles north from North Metro Medical Center, a 78 bed hospital. The property is also within a 16-mile radius from Downtown Little Rock and Bill & Hillary Clinton National Airport, which reports more than 2 million annual passengers. The 5-mile trade area is supported by a population of more than 40,000 residents with an average household income of $59,453.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.