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Starbucks 2031 Oliver Lancaster Boulevard blvd 2,540 SF Retail Building Malvern, AR 72104 $3,514,315 CAD ($1,383.59 CAD/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- 9 Years Remaining | 2024 Construction | Drive-Thru Equipped
- Primary Walmart-Anchored Retail Corridor | I-30 (44,000 VPD)
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Direct Consumer Base
EXECUTIVE SUMMARY
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a new construction, corporate guaranteed (NASDAQ: SBUX), investment grade (S&P: BBB+), Starbucks investment property located in Malvern, Arkansas. The tenant, Starbucks Corp., has approximately 9 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Starbucks is among the most recognizable brands in the world, with over 40,000 locations globally, serving as a best-in-class QSR brand known for strong customer loyalty and a broad market presence.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,540 SF
Building Class
C
Year Built
2024
Price
$3,514,315 CAD
Price Per SF
$1,383.59 CAD
Cap Rate
6.70%
NOI
$235,456 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)
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 810-01024-002 | Improvements Assessment | $156,755 CAD |
| Land Assessment | $15,747 CAD | Total Assessment | $172,502 CAD |
PROPERTY TAXES
Parcel Number
810-01024-002
Land Assessment
$15,747 CAD
Improvements Assessment
$156,755 CAD
Total Assessment
$172,502 CAD
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Starbucks | 2031 Oliver Lancaster Boulevard blvd
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