Starbucks 5789 S Transit Rd 2,480 SF Retail Building Lockport, NY 14094 $3,682,151 CAD ($1,484.74 CAD/SF) 6.35% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Starbucks property positioned within the Buffalo MSA in Lockport, New York. The new ten-year lease commenced in September 2025 following the completion of construction. The lease contains 10% rental escalations every ?ve years throughout the primary term and four 5-year renewal options.
The 2,480 square-foot building bene?ts from its position along South Transit Road, which experiences over 30,300 vehicles per day and serves as the primary retail corridor in Lockport. The property is surrounded by major retailers including The Home Depot, Walmart, Tops Friendly Market, Chevrolet, T.J. Maxx, Five Below, ALDI, Harbor Freight, and many others. Additionally, the subject is within proximity to the new Lockport Memorial Hospital and Lockport High School, which has 1,400 students enrolled. There are over 45,000 people living within a ?ve-mile radius, those of which earn an average household income exceeding $94,000.
Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. In recent years, Starbucks has expanded exponentially, more than doubling its units over the past 10 years. The number of Starbucks stores worldwide exceeded 35,000 in 2024. Starbucks is an investment grade rated company with a Standard & Poor’s rating of BBB+.