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Starbucks | 10 Year NNN | 1.775 Acre Parcel 1500-A W Main St 2,540 SF Retail Building Lebanon, TN 37087 $4,491,221 CAD ($1,768.20 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Net Leased Retail Asset – Corporate Guarantee from Starbucks, Inc. (NYSE: SBUX)
- 1.775 Acre Parcel - Situated on TN-24 (Main Street) – 27,800+ VPD
- 108,700+ Residents Within a 10-Mile Radius - $124,100+ AHHI Within a 10-Mile Radius
- Brand New 2025 Construction - 20-Year Roof Warranty- Dual-Lane Drive-Thru
- Cross-Access Agreement with Dollar Tree Parcel Next Door
- 12th Fastest-Growing City in the U.S. (U.S. Census Bureau)
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer for sale a single-tenant Starbucks (Corporate Lease) located in Lebanon, TN (Nashville MSA). Starbucks (NYSE: SBUX) operates over 41,000 stores worldwide, has over 361,000 employees, and has a net revenue of $36.18B (2024).
The subject building was just recently completed in 2025, and rent has commenced. Based on initial performance numbers, this location has proven to be a top performer within the Starbucks system. The 2,540 SF building is located along Main Street and is situated on a 1.775-acre parcel. Main Street is a major commercial thoroughfare running through the city of Lebanon. The parcel can also be accessed from the rear via Winwood Dr. The state-of-the-art, most recent building prototype is equipped with a dual lane drive-thru, extended stacking lane, outdoor dining patio, and indoor sit-down seating area.
The initial 10-year lease includes four 5-year Options with scheduled rental increases of 8% every 5 years. The lease is NNN with landlord obligations for roof, structure, parking areas, sidewalk, and landscaping. Aside from roof & structure, the maintenance of the parking lot and landscaping are reimbursable CAM expenses by the tenant.
With minimal landlord responsibilities, a corporate guaranteed lease from one of the largest companies in the world, and an investment-grade credit rating (S&P: BBB+), this asset is ideal for an investor seeking passive cash flow within a major MSA.
Lebanon, TN has been recognized as the 12th fastest-growing city in the U.S. by the U.S. Census Bureau, with a 8.9% population increase between July 2023 and July 2024, and a nearly 40% increase since 2020. This rapid growth is attributed to a convenient location near Nashville, an affordable cost of living, a growing job market with major employers, and a high quality of life.
The subject building was just recently completed in 2025, and rent has commenced. Based on initial performance numbers, this location has proven to be a top performer within the Starbucks system. The 2,540 SF building is located along Main Street and is situated on a 1.775-acre parcel. Main Street is a major commercial thoroughfare running through the city of Lebanon. The parcel can also be accessed from the rear via Winwood Dr. The state-of-the-art, most recent building prototype is equipped with a dual lane drive-thru, extended stacking lane, outdoor dining patio, and indoor sit-down seating area.
The initial 10-year lease includes four 5-year Options with scheduled rental increases of 8% every 5 years. The lease is NNN with landlord obligations for roof, structure, parking areas, sidewalk, and landscaping. Aside from roof & structure, the maintenance of the parking lot and landscaping are reimbursable CAM expenses by the tenant.
With minimal landlord responsibilities, a corporate guaranteed lease from one of the largest companies in the world, and an investment-grade credit rating (S&P: BBB+), this asset is ideal for an investor seeking passive cash flow within a major MSA.
Lebanon, TN has been recognized as the 12th fastest-growing city in the U.S. by the U.S. Census Bureau, with a 8.9% population increase between July 2023 and July 2024, and a nearly 40% increase since 2020. This rapid growth is attributed to a convenient location near Nashville, an affordable cost of living, a growing job market with major employers, and a high quality of life.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,540 SF
Building Class
C
Year Built
2025
Price
$4,491,221 CAD
Price Per SF
$1,768.20 CAD
Cap Rate
5.75%
NOI
$258,245 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.77 AC
Frontage
214’ on West Main Street
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Starbucks
- Accommodation and Food Services
- -
- -
- Apr 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Starbucks | Accommodation and Food Services | - | - | Apr 2035 |
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Starbucks | 10 Year NNN | 1.775 Acre Parcel | 1500-A W Main St
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