320 Bancario Rd
Marion, AR 72364
Dark Starbucks Coffee | Drive-Thru Building · Retail Property For Sale

SRS National Net Lease Group is pleased to present the rare opportunity to acquire, a freestanding, single tenant, net leased, drive-thru Starbucks investment property located in Marion, Arkansas. The tenant, Starbucks Corporation, has vacated, but is still paying rent, and has approximately 12 months remaining in the current lease term, which expires in April 2018. The site offers a value add opportunity for an investor looking to collect rent while searching for a new tenant, or an owner user who can enjoy cash flow while planning to open their own business or concept at the end of the Starbucks lease term. In addition, the site' s original development costs were more than the current price, presenting a buyer with the opportunity to acquire the property at a fraction of its original cost. The property is also zoned C-1 Commercial, permitting a wide range of uses. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX), with an S&P investment grade credit rating of A- and the landlord responsibilities are limited to roof and structure. The subject site is located near the signalized, hard corner intersection of Interstate 55 and Old Military Road (13,979 VPD). The asset is a part of a new development surrounding a Hampton Inn, and is poised to take advantage of the heavy consumer traffic in the area. The site is also located just down Interstate 55 from the Fairways at Marion golf course and apartment complex. The immediate 5-mile trade area is supported by population of approximately 23,000 with an average household income of $68,000. Additionally, over 9,400 employees support the 5-mile trade area.