2402 Frederica St
Owensboro, KY 42301
Single Tenant NNN Starbucks · Retail Property For Sale

CBRE, Inc. is pleased to exclusively offer for sale a single tenant, NNN leased Starbucks located in Owensboro, KY. The property was built in 2006 and consists of approximately 1,856 square feet and sits on ap-proximately 0.45 acres. The property occupies a strategic location fronting Frederica Street,a major retail thoroughfare in the city of Owensboro. Starbucks recently renewed their lease for ten (10) years, showing their commitment to this location. There are three (3) five (5) year options to renew with scheduled increase in rent in the option periods. The NNN lease structure provides for minimal Landlord obligations as Starbucks is responsible for all operating costs. The property benefits from a hard corner location and excellent exposure on a main retail thoroughfare in Owensboro, KY. It is a high traffic location with average daily traffic counts of over 23,000 cars per day on Frederica Street and Washington Ave. The Property is situated in a synergistic trade area neighboring national and regional tenants in the immediate area including: Kroger, McDonald' s, K-Mart, Sally Beauty, Papa Johns, Long John Silvers, and Sherwin Williams. There are over 73,000 people in a 5-mile radius of the property, with average household income in excess of $56,000.