Triple Net Starbucks Stores For Sale
Starbucks NNN Properties
Seeing a steady rise in popularity over the last few decades, Starbuck’s has filled out the high-end breakfast niche to become an industry leader. Offering superior coffee, branding, prime real estate, and a healthy balance sheet to boast, they continue to delight shareholders and net lease holders alike.
When net leasing, keep in mind that Starbuck’s 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 ten to twenty year lease terms, alongside rent price bumps every 5 years.
They are nearing twelve thousand different 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 1900 to 2100 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.
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 near 8,700 corporate-owned properties and over 6,100 licensed stores inside the United States. Globally, they have surpassed twenty four thousand locations in over seventy countries.
Selling their unique designer coffee and latte’s, teas, and various fresh edibles, Starbuck’s 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 super markets 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 eighteen hundred new retail locations with roughly half of those built inside the U.S.A.
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