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Starbucks 2031 Oliver Lancaster Blvd 2,540 SF Retail Building Rockport, AR 72104 $3,457,544 CAD ($1,361.24 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 8+ years remain on a corporate net lease with 7.50% increases every five years of base term and options
- Corporate lease backed by investment grade tenant with (NASDAQ: SBUX, S&P: BBB+)
- FY 2025 net revenues of $37.2 billion, representing 3% year-over-year growth
- 2024 build-to-suit construction with drive-thru
- Starbucks is the largest coffee retailer in the world with 40,000+ locations globally across 80+ countries
- Strategically located along Interstate 30, providing direct connectivity between Little Rock and Texarkana
Executive Summary
This corporate Starbucks lease features 7.50% rent increases every five years throughout the base term, as well as at the commencement of each of the four (5-year) option periods. The property is strategically positioned just off I-30 which has traffic counts exceeding 55,000 vehicles per day, in close proximity to a Walmart Supercenter, McDonald’s, and other national retailers.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,540 SF
Building Class
C
Year Built
2024
Price
$3,457,544 CAD
Price Per SF
$1,361.24 CAD
Cap Rate
6.75%
NOI
$233,397 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Opportunity Zone
Yes
Zoning
C2 - Highway Commercial District
Parking
35 Spaces (13.78 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 810-01024-002 | Improvements Assessment | $152,246 CAD |
| Land Assessment | $15,294 CAD | Total Assessment | $167,539 CAD |
Property Taxes
Parcel Number
810-01024-002
Land Assessment
$15,294 CAD
Improvements Assessment
$152,246 CAD
Total Assessment
$167,539 CAD
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Starbucks | 2031 Oliver Lancaster Blvd
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