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Starbucks 638 Boll Weevil Cir 2,500 SF Retail Building Enterprise, AL 36330 $3,228,000 ($1,291.20/SF) 6.15% Cap Rate
Investment Highlights
- Brand-New Construction
- Adjacent to Chick-Fil-A
- Out-Parcel to Enterprise Shopping Center
Executive Summary
• Single-Tenant Starbucks:
° Corporate Lease from world’s leading coffee chain [Starbucks Corp]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 10-year primary term, with six (6), 5-year options
° 10% rental increases every 5-years, including options
• About Starbucks:
° Starbucks Corp. (NASDAQ: SBUX)
° 40,000+ stores worldwide
° Fortune 500 company | 380,000+ employees
° Investment Grade Tenant (BBB+ S&P, Baa1 Moody’s)
° $96.4 billion reported market cap (Q1 2025)
° $36.2 billion in reported revenue for 2024
° 53-years of proven Operating History
° Corporate Lease from world’s leading coffee chain [Starbucks Corp]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 10-year primary term, with six (6), 5-year options
° 10% rental increases every 5-years, including options
• About Starbucks:
° Starbucks Corp. (NASDAQ: SBUX)
° 40,000+ stores worldwide
° Fortune 500 company | 380,000+ employees
° Investment Grade Tenant (BBB+ S&P, Baa1 Moody’s)
° $96.4 billion reported market cap (Q1 2025)
° $36.2 billion in reported revenue for 2024
° 53-years of proven Operating History
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$3,228,000
Price Per SF
$1,291.20
Cap Rate
6.15%
NOI
$198,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.60 AC
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Starbucks
- -
- -
- $79.50
- Feb 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Starbucks | - | - | $79.50 | Feb 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-05-15-4-000-001.001 | Improvements Assessment | $48,308 |
| Land Assessment | $20,000 | Total Assessment | $68,308 |
Property Taxes
Parcel Number
16-05-15-4-000-001.001
Land Assessment
$20,000
Improvements Assessment
$48,308
Total Assessment
$68,308
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Starbucks | 638 Boll Weevil Cir
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