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Starbucks | Recent 10yr Extension 871 Washington St 2,000 SF Retail Building Middletown, CT 06457 $2,762,000 ($1,381/SF) 5.25% Cap Rate
Investment Highlights
- Recent 10-Year Extension | Top 11% of Starbucks Nationwide (Placer.ai)
- Frontage to 28,700 VPD | Outparcel to Home Depot & Market 32
- NN Lease | Fee Simple Ownership
- Established Middletown Trade Area
Executive Summary
• Per Placer.ai, the subject property ranks in the top 11% of all Starbucks locations nationwide
• Starbucks is the world’s largest coffee chain with 40,000+ locations worldwide, generating $37.18 billion in revenue in fiscal 2025 — a 2.8% increase over 2024 —and carries an S&P BBB+ investment-grade rating
Property Facts
Amenities
- Dedicated Turn Lane
- Restaurant
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean coffee, tea, and spices, and the business later developed into a coffeehouse brand centered on handcrafted beverages and customer connection. Starbucks operates a large network of company-operated and licensed coffeehouses and has a growing presence in consumer-packaged goods, extending the brand beyond cafés into at-home coffee products. The company's menu and format strategy includes coffeehouse and menu innovation, along with food offerings that span bakery items, snacks, and other daypart products. Starbucks focuses on specialty coffee, beverage service, and branded consumer products across its retail and packaged-goods business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | MTWN-000013-000000-000137 | Improvements Assessment | $616,880 |
| Land Assessment | $463,690 | Total Assessment | $1,080,570 |
Property Taxes
