Triple Net Starbucks Stores For Sale

When net leasing, keep in mind that Starbucks path to market success is largely based on smart property selections, equally as important as the café experience is to enhancing consumer satisfaction.

This understanding has led to positive returns for net lease investors in the past. Generally speaking, Starbucks may offer either NN or NNN agreements with 10-20 year lease terms, alongside rent price bumps every five years.

They are nearing 12,000 locations in the United States now, and can be found equally in both rural and city locations. Often times they are placed strategically to and from main commuter routes. Standard building sizes can span anywhere between 1,900 to 2,100 square feet, surrounded by approximately one half to one acre lots. These will also vary by property type and location, with a typical design integrating the drive through window.

Tenant Description

Labeled as one of the most admirable corporations in the United States by Fortune for a record number of years (2003-2015), Starbucks originally started up in 1971. Back then, they were just one small store, based in Seattle, WA’s Pike Place Market. Today, they’ve expanded outwards with nearly 8,700 corporate-owned properties and over 6,100 licensed stores inside the United States. Globally, they have surpassed 24,000 locations in over 70 countries.

Selling their unique designer coffee and lattes, teas, and various fresh edibles, Starbucks has also established licensing through a network of grocery chains and food related retail businesses. In addition to their own recognized brand, some of their other trademarked goods can be found in supermarkets like Ethos, Evolution Fresh, Tazo, Teavana, and others.

Starbucks recently opened well over 600 new locations in 2015, and all within American borders. Growth has continued in 2016, with reports of constructing 1,800 new retail locations with roughly half of those built inside the U.S.A.