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Investment Highlights
- Corporate-Guaranteed Starbucks: The lease is backed by Starbucks Corporation (NASDAQ: SBUX), an investment-grade tenant rated BBB+ by S&P
- Built-In Rental Growth: 10% rental increases every five years in the base term and all option periods, providing a built-in hedge against inflation
- 2021 Construction: Modern, recently built improvements limit near-term capital exposure for the next investor
- Best-in-Class Tenant Financials: Starbucks generates more than $36 billion in annual revenue across 40,000+ locations worldwide
- Drive-Thru Equipped: A dedicated drive-thru lane drives high-volume, convenience-oriented sales
Executive Summary
Silber Investment Properties is pleased to exclusively offer for sale a corporate-guaranteed Starbucks with a drive-thru. The 2,377-square-foot building sits on approximately 0.65 acres at a signalized hard corner along Pike Street, a primary commercial corridor carrying more than 30,363 vehicles per day just off Interstate 77.
he lease is corporate-guaranteed by Starbucks Corporation (NASDAQ: SBUX) — an investment-grade tenant rated BBB+ (S&P) / Baa1 (Moody's) — and features 10% rental increases every five years, along with four (4) five-year renewal options that provide significant long-term upside and demonstrate the tenant's commitment to the site.
Constructed in 2021, the building offers a modern Starbucks prototype with minimal anticipated near-term capital expense. The NN lease structure limits landlord obligations to roof and structure, making this an ideal, low-management acquisition for a 1031 exchange buyer or passive investor seeking durable, investment-grade income with built-in growth.
Marietta is strategically positioned within an established national retail trade area anchored by Walmart Supercenter, Lowe's, ALDI, and Tractor Supply, and supported by a strong cluster of national hotel flags and a healthy daytime population driven in part by Marietta College. The five-mile trade area is home to more than 28,000 residents with average household incomes exceeding $75,000.
he lease is corporate-guaranteed by Starbucks Corporation (NASDAQ: SBUX) — an investment-grade tenant rated BBB+ (S&P) / Baa1 (Moody's) — and features 10% rental increases every five years, along with four (4) five-year renewal options that provide significant long-term upside and demonstrate the tenant's commitment to the site.
Constructed in 2021, the building offers a modern Starbucks prototype with minimal anticipated near-term capital expense. The NN lease structure limits landlord obligations to roof and structure, making this an ideal, low-management acquisition for a 1031 exchange buyer or passive investor seeking durable, investment-grade income with built-in growth.
Marietta is strategically positioned within an established national retail trade area anchored by Walmart Supercenter, Lowe's, ALDI, and Tractor Supply, and supported by a strong cluster of national hotel flags and a healthy daytime population driven in part by Marietta College. The five-mile trade area is home to more than 28,000 residents with average household incomes exceeding $75,000.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,377 SF
Building Class
B
Year Built
2020
Price
$1,890,000
Price Per SF
$795.12
Cap Rate
6.02%
NOI
$113,837
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
Parking
22 Spaces (9.26 Spaces per 1,000 SF Leased)
Frontage
221’ on Country Club Drive
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $156,510 | |
| Land Assessment | $49,620 | Total Assessment | $206,130 |
Property Taxes
Parcel Numbers
Land Assessment
$49,620
Improvements Assessment
$156,510
Total Assessment
$206,130
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703 Pike St
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