STREAM Capital Partners > Properties > All Properties > Verizon & Starbucks

Verizon & Starbucks

Net Lease

1605 S. Market Street, Elizabethtown, Pennsylvania
Ownership Type:
Fee Simple
Price:
$3,369,230
Cap Rate:
6.50%
Current Rent:
$219,000
Tenancy:
Multi-Tenant
Lease Type:
DoubleNet
Landlord Responsibilities:
CAM, Roof and Structure
Lease Expiration Date::
Approx. 10 years
Renewal Options:
2, 5 Year Options
Building Sq. Ft.:
4,500 SF
Rent Increases:
12% in Year 6, 10% every 5 Years thereafter
Site Size:
1.51 Acres

Investment Highlights

  • Brand New Lease with Minimal Responsibilities: New construction 10-year NN lease with options to extend providing passive ownership opportunity.
  • Well-Positioned Location: Strategically located on South Market Street, the primary thoroughfare through Elizabethtown, benefiting from strong visibility and accessibility with over 19,000 vehicles per day (VPD).
  • Weis Markets Anchored Strip: The property is part of a Weis Markets anchored shopping center featuring Planet Fitness, Dollar General, Subway, Sherwin Williams, and Harbor Freight.
  • Affluent Area: The average household income within a 5 mile radius is $100,400.
  • Retail Dense Location: Located near other national tenants such as Domino’s, Planet Fitness, CVS, McDonald’s, and Wendy’s.
  • Experienced Operators: Backed by corporate guarantees from Starbucks and Verizon, two nationally recognized brands operating more than 17,000 and 6,800 locations across the U.S., respectively.
Ownership Type:
Fee Simple
Price:
$3,369,230
Cap Rate:
6.50%
Current Rent:
$219,000
Lease Type:
DoubleNet
Landlord Responsibilities:
CAM, Roof and Structure
Lease Expiration Date::
Approx. 10 years
Renewal Options:
2, 5 Year Options
Building Sq. Ft.:
4,500 SF
Rent Increases:
12% in Year 6, 10% every 5 Years thereafter
Site Size:
1.51 Acres

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

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