Starbucks

10 Metro Boulevard, Clifton, NJ
Deal Type:
Net Lease
Price:
$5,000,000
Cap Rate:
5.00%
Current Rent:
$250,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Roof & Structure; Reimbursed Capped & Non-Capped Expenses
Renewal Options:
Three, 5-Year Options
Building Sq. Ft.:
2,828 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.048 Acres

Investment Highlights

  • Rare 15 Year Lease with Starbucks & no early termination clause. Brand new construction featuring a sleek & modern build out with drive-thru designed to draw consumers from Route 3.
  • The site is situated along the Clifton-Nutley border in Northern New Jersey, an extremely affluent area with average household incomes over $166,000 within a 1 mile radius of the site. In addition to daily commuters, the property strategically serves the surrounding local market, the future residents, and the array of employees and professionals that work on campus.
  • Features a ‘Bespoke’ design – there is no other Starbucks constructed this way architecturally, and this is the only Starbucks for 27 miles on Eastbound Route 3 from the Lincoln Tunnel.
  • The community surrounding the property is among the most densely populated in the Clifton / Nutley NJ market. ~265,000 people spend the most on Food & Alcohol vs. every other consumer expense category, in aggregate $1.7 Billion within 3-mile radius of the property. Additionally, average household incomes within 1-mile is in excess of $165,000.

Listing Agents

Taylor Trepinski

Vice President
786 684 1975
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Michael Antonoplos, NJ Lic: 8132327

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