SBUX DT | Freeway Adj | Submit All Offers 1220 W 18th St S 2,160 SF Retail Building Newton, IA 50208 $3,221,783 CAD ($1,491.57 CAD/SF) 6.50% Cap Rate

Broker of Record.. ERIN ROONEY, CCIM.. IA License No. B42992000
We are pleased to present the rare opportunity to acquire a brand new, drive-thru, long term net leased (fee simple interest) Starbucks investment property in Newton, IA. The subject property, which celebrated its Grand Opening in March 2024, is strategically located adjacent to Interstate 80 in high-growth Des Moines IA MSA. This interstate freeway is the only east/west transcontinental interstate highway in the United States and runs for more than 3,000 miles, connecting California to New Jersey. This quick-service coffee restaurant has commenced a 10 year lease with 7.5% rental increases occurring every 5 years of the lease term. The corporately executed lease with Starbucks has minimal landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for a high-performing QSR tenant with the number one Coffee QSR brand in the world.
The subject Starbucks property services the residents of Newton, travelers/commuters on the Interstate 80 freeway, and visitors for the INDYCAR/NASCAR races occurring nearby at the Iowa Speedway. This location also benefits from the synergy created by adjacent QSR/Convenience brands including Casey’s General Store (591,900 visitors in the last 12 months, per Placer.ai), Taco Bell, Hardee’s, and Culver’s. Newton has more than 26,000 residents within a 10-mile radius and is located 28 miles from downtown Des Moines IA, the capital city of Iowa. Des Moines IA MSA has grown a tremendous 15.6% in the last decade, which outpaces other top Midwest markets including Chicago, Minneapolis, Kansas City, St. Louis, and Omaha.