STREAM Capital Partners > Properties > All Properties > Starbucks

Starbucks

Net Lease

401 N. Main St, Belen, NM
Price:
$2,713,000
Cap Rate:
6%
Current Rent:
$162,750
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Lease Term:
10 years
Renewal Options:
4, 5-year options
Building Sq. Ft.:
2,293 SF
Rent Increases:
See rent schedule in OM
Site Size:
0.51 Acres

Investment Highlights

  • New 10 Year Lease: Starbucks signed a new 10-year lease and is rated BBB+ (S&P) providing long term security and cash flow.
  • Brand New Construction: Newly constructed building with drive-thru minimizes any future CAPX responsibilities.
  • Dedicated Left Turn Lane: Starbucks required a new curbed median along Main St. providing easy ingress to the property from the south.
  • Passive Lease Structure: Tenant reimburses landlord for all taxes, insurance, CAM, and maintains the HVAC system.
  • Main Retail Corridor: The property is situated along S. Main St. which provides high visibility and accessibility, whether coming from the north or south. Other national retailers include Walgreens, Wells Fargo, McDonalds, Sonic, and Dominos.
  • Community Growth: Projected population growth of 7.5% over the next five years.
Price:
$2,713,000
Cap Rate:
6%
Current Rent:
$162,750
Lease Type:
DoubleNet
Lease Term:
10 years
Renewal Options:
4, 5-year options
Building Sq. Ft.:
2,293 SF
Rent Increases:
See rent schedule in OM
Site Size:
0.51 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, [email protected], Lic. NM – 20241

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