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2501 Merchantville Ave
Pennsauken, NJ 08110
Starbucks (New Construction) · Retail Property For Sale
Investment Highlights
- Corporate-guaranteed NN Lease Backed By Starbucks Corporation(NASDAQ: SBUX), An Investment-Grade Tenant Rated BBB+ by S&P
- Attractive 10% Rent Increases Every Five Years Throughout the Base Term and Option Periods, Providing Long-term NOI Growth and Inflation Protection
- 8.75 Years of Lease Term Remaining With Four 5-Year Renewal Options Extending Potential Occupancy Through 2055
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Building Class
B
Year Built
1980
Price
$2,655,000
Price Per SF
$1,206.82
Cap Rate
5.65%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.61 AC
Zoning
C-1 - Neighborhood or Local Commercial
Parking
14 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 27-05117-0000-00001 | Improvements Assessment | $0 |
| Land Assessment | $290,100 | Total Assessment | $290,100 |
Property Taxes
Parcel Number
27-05117-0000-00001
Land Assessment
$290,100
Improvements Assessment
$0
Total Assessment
$290,100
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