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Starbucks 405 15th St 1,275 SF Retail Building Tuscaloosa, AL 35401 $4,499,606 CAD ($3,529.10 CAD/SF) 6.45% Cap Rate
Investment Highlights
- New 10-Year Lease with Starbucks Corporation
- New 2025 Construction
- Corporate Guarantee
- 2 Minutes from the University of Alabama
Executive Summary
Northmarq is pleased to present to qualified investors the opportunity to acquire a fee-simple interest in a newly constructed, single-tenant Starbucks located at 405 15th Street in Tuscaloosa, AL (the “Property”).
The Property comprises approximately 1,275 square feet on a ±0.5-acre parcel and features brand-new 2025 construction featuring Starbucks latest prototype. Starbucks occupies the site under a corporate-guaranteed, 10-year NN lease, which includes six (6), five (5) year renewal options and 10% rental escalations every five years throughout the initial term and renewal periods.
This lease is backed by Starbucks Corporation, the world’s leading specialty coffee retailer with over 40,190 stores across 80+ markets globally. Founded in 1971 and headquartered in Seattle, Washington, Starbucks is renowned for its strong brand recognition, consistent revenue growth, and robust same-store sales performance. The company holds an investment-grade credit rating of BBB+ from S&P, offering long-term stability and reliability for investors.
The Property comprises approximately 1,275 square feet on a ±0.5-acre parcel and features brand-new 2025 construction featuring Starbucks latest prototype. Starbucks occupies the site under a corporate-guaranteed, 10-year NN lease, which includes six (6), five (5) year renewal options and 10% rental escalations every five years throughout the initial term and renewal periods.
This lease is backed by Starbucks Corporation, the world’s leading specialty coffee retailer with over 40,190 stores across 80+ markets globally. Founded in 1971 and headquartered in Seattle, Washington, Starbucks is renowned for its strong brand recognition, consistent revenue growth, and robust same-store sales performance. The company holds an investment-grade credit rating of BBB+ from S&P, offering long-term stability and reliability for investors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,275 SF
Building Class
C
Year Built
1965
Price
$4,499,606 CAD
Price Per SF
$3,529.10 CAD
Cap Rate
6.45%
NOI
$290,225 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.50 AC
Zoning
BN
Frontage
Fairly walkable
50/100
Exceptionally drivable
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-07-25-2-005-001.000 | Improvements Assessment | $89,867 CAD |
| Land Assessment | $55,444 CAD | Total Assessment | $145,311 CAD |
Property Taxes
Parcel Number
31-07-25-2-005-001.000
Land Assessment
$55,444 CAD
Improvements Assessment
$89,867 CAD
Total Assessment
$145,311 CAD
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Starbucks | 405 15th St
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