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Starbucks 638 Boll Weevil Cir 2,500 SF Retail Building Enterprise, AL 36330 $4,473,362 CAD ($1,789.34 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Construction
- Adjacent to Chick-Fil-A
- Out-Parcel to Enterprise Shopping Center
EXECUTIVE SUMMARY
• Single-Tenant Starbucks:
° Corporate Lease from world’s leading coffee chain [Starbucks Corp]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 10-year primary term, with six (6), 5-year options
° 10% rental increases every 5-years, including options
• About Starbucks:
° Starbucks Corp. (NASDAQ: SBUX)
° 40,000+ stores worldwide
° Fortune 500 company | 380,000+ employees
° Investment Grade Tenant (BBB+ S&P, Baa1 Moody’s)
° $96.4 billion reported market cap (Q1 2025)
° $36.2 billion in reported revenue for 2024
° 53-years of proven Operating History
° Corporate Lease from world’s leading coffee chain [Starbucks Corp]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 10-year primary term, with six (6), 5-year options
° 10% rental increases every 5-years, including options
• About Starbucks:
° Starbucks Corp. (NASDAQ: SBUX)
° 40,000+ stores worldwide
° Fortune 500 company | 380,000+ employees
° Investment Grade Tenant (BBB+ S&P, Baa1 Moody’s)
° $96.4 billion reported market cap (Q1 2025)
° $36.2 billion in reported revenue for 2024
° 53-years of proven Operating History
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2025
Price
$4,473,362 CAD
Price Per SF
$1,789.34 CAD
Cap Rate
6.15%
NOI
$275,081 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.60 AC
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Starbucks
- -
- -
- $110.17 CAD
- Feb 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Starbucks | - | - | $110.17 CAD | Feb 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-05-15-4-000-001.001 | Improvements Assessment | $66,302 CAD |
| Land Assessment | $27,450 CAD | Total Assessment | $93,752 CAD |
PROPERTY TAXES
Parcel Number
16-05-15-4-000-001.001
Land Assessment
$27,450 CAD
Improvements Assessment
$66,302 CAD
Total Assessment
$93,752 CAD
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Starbucks | 638 Boll Weevil Cir
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