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405 15th St
Tuscaloosa, AL 35401
Starbucks · Retail Property For Sale
Investment Highlights
- New 10-Year Lease with Starbucks Corporation
- New 2025 Construction
- Corporate Guarantee
- 2 Minutes from the University of Alabama
Executive Summary
Northmarq is pleased to present to qualified investors the opportunity to acquire a fee-simple interest in a newly constructed, single-tenant Starbucks located at 405 15th Street in Tuscaloosa, AL (the “Property”).
The Property comprises approximately 1,275 square feet on a ±0.5-acre parcel and features brand-new 2025 construction featuring Starbucks latest prototype. Starbucks occupies the site under a corporate-guaranteed, 10-year NN lease, which includes six (6), five (5) year renewal options and 10% rental escalations every five years throughout the initial term and renewal periods.
This lease is backed by Starbucks Corporation, the world’s leading specialty coffee retailer with over 40,190 stores across 80+ markets globally. Founded in 1971 and headquartered in Seattle, Washington, Starbucks is renowned for its strong brand recognition, consistent revenue growth, and robust same-store sales performance. The company holds an investment-grade credit rating of BBB+ from S&P, offering long-term stability and reliability for investors.
The Property comprises approximately 1,275 square feet on a ±0.5-acre parcel and features brand-new 2025 construction featuring Starbucks latest prototype. Starbucks occupies the site under a corporate-guaranteed, 10-year NN lease, which includes six (6), five (5) year renewal options and 10% rental escalations every five years throughout the initial term and renewal periods.
This lease is backed by Starbucks Corporation, the world’s leading specialty coffee retailer with over 40,190 stores across 80+ markets globally. Founded in 1971 and headquartered in Seattle, Washington, Starbucks is renowned for its strong brand recognition, consistent revenue growth, and robust same-store sales performance. The company holds an investment-grade credit rating of BBB+ from S&P, offering long-term stability and reliability for investors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,275 SF
Building Class
C
Year Built
1965
Price
$3,360,656
Price Per SF
$2,635.81
Cap Rate
6.10%
NOI
$205,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.50 AC
Zoning
BN
Frontage
Property Taxes
| Parcel Number | 31-07-25-2-005-001.000 | Improvements Assessment | $44,680 |
| Land Assessment | $32,480 | Total Assessment | $77,160 |
Property Taxes
Parcel Number
31-07-25-2-005-001.000
Land Assessment
$32,480
Improvements Assessment
$44,680
Total Assessment
$77,160
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