2700 Anderson Ave
Manhattan, KS 66502
Starbucks · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire a brand new drive thru Starbucks Coffee in the thriving college town of Manhattan, KS. The property features a 10 year corporate Starbucks lease (S&P: A-), which includes a 10% rental increase every five years throughout its initial term and four 5-year option periods. The tenant is responsible for paying its operating expenses, insurance, and taxes, and the building features a new 15-year roof warranty. The property is located “off campus” from Kansas State University (less than 1 mile away), the state’s 2nd largest university with over 28,000 students in close proximity. This Starbucks location is 2019 construction (the store is anticipated to open in June 2019) and features a drive-thru. The Property features standalone visibility and appeal along Anderson Road, a major east-west thoroughfare that connects the Highway 113 and the west side of town to central Manhattan and K-State’s campus. This route sees about 16,000 cars per day. In addition to the huge economic generation of K-State, the trade area benefits from a host of additional retail in the immediate vicinity, including Walgreens, Dillon’s Food Store, Marshall’s, and various complementary restaurants and QSR tenants.