402 13th SW ave
Waverly, IA 50677
STARBUCK'S (NEW 12 YR. LEASE)- WAVERLY, IA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new 12-year lease (NO EARLY TERMINATION) to Starbucks Corporation with attractive 7.50% rental escalation in the beginning of the 7th year!
- Brand new, build-to-suit construction to Starbucks newest prototype - slated to open August 2024 (est.)
- Excellent drive-by visibility/ access on 13th Ave SW (main north/south thoroughfare) with traffic counts of 19,849 CPD!
- Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide
- Well-positioned in the dominant retail corridor, across the street from a Hy-Vee/True Value Shopping Center (blocks from Walmart)
- 2023 AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 14,559 | Average Household Income (1-MI): $110,035
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,540 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Zoning
C
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-10-226-052 | Improvements Assessment | $0 |
| Land Assessment | $292,450 | Total Assessment | $292,450 |
