Starbucks
Net Lease
80 Huguenot St, New Rochelle, New York
Ownership Type:
Owner/User
Landlord Responsibilities:
Roof and Structural Replacement
Renewal Options:
4, 5-year options
Building Sq. Ft.:
2,000 SF
Rent Increases:
10% Every 5 Years
Investment Highlights
- Rare Drive-Thru in Dense Urban Core: This Starbucks features a highly sought-after single-lane drive-thru—a major rarity in New Rochelle’s walkable downtown. Drive-thru access in this market is extremely limited, enhancing customer convenience and sales velocity.
- Transit-Oriented Development (TOD) Location: Located within a designated TOD zone, the property is steps from the New Rochelle Metro-North and Amtrak Station, offering direct access to Manhattan in under 30 minutes and serving as a key commuter rail hub in Westchester County.
- High Transit Utilization | 6,000+ Daily Riders at New Rochelle Station: The nearby New Rochelle Transit Center sees over 6,000 weekday outbound riders, making it the busiest Metro-North station in Westchester County outside of NYC. This transit traffic contributes consistent footfall to nearby retail.
- Corporate Starbucks Lease with Strong Fundamentals: Backed by Starbucks Corporation (NASDAQ: SBUX), which operates nearly 17,000 U.S. locations and reported $36.15B in 2024 revenue, the lease includes a 12-year initial term with 10% rent bumps every five years and four renewal options.
- Passive Ownership Structure: The NN lease provides minimal landlord responsibilities, with the tenant responsible for all taxes, insurance, and maintenance. Landlord duties are limited to roof and structure, creating a streamlined ownership profile.
- Strategic Interstate Access | 135,000+ Vehicles Daily on I-95: Located just off Exit 16 of Interstate 95, the site benefits from direct exposure to over 135,000 vehicles per day, capitalizing on one of the most heavily traveled corridors on the East Coast and enhancing its regional draw.
- High-Income, Dense Trade Area: The site is surrounded by over 140,000 residents within a 3-mile radius, with average household incomes exceeding $179,000. The location benefits from strong daytime and residential demographics, fueling consistent foot traffic and sales.
- Thriving Retail Corridor with National Tenancy: The surrounding area features a strong mix of national retailers including TJ Maxx, McDonald’s, Taco Bell, Planet Fitness, and Staples, reinforcing the site’s appeal as a proven retail destination.
Ownership Type:
Owner/User
Landlord Responsibilities:
Roof and Structural Replacement
Renewal Options:
4, 5-year options
Building Sq. Ft.:
2,000 SF
Rent Increases:
10% Every 5 Years
