commercial real estate property for sale starbucks doral florida nn single tenant the ben-moshe brothers

Starbucks 10-Year Double-Net (NN)

place 7840 NW 25th St, Doral, Florida 33122

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EXECUTIVE SUMMARY

LIST PRICE $3,865,000
CAP RATE 4.00%
INCREASES 10% Increase in Rent in March 2023
LEASE TERM 10 Years
OPTIONS N/A
LOT SIZE 0.31 ACRES
TYPE OF OWNERSHIP Fee Simple
GUARANTY Corporate Guaranty
TRAFFIC COUNTS Over 30,000 Cars Per Day

INVESTMENT DESCRIPTION

Marcus & Millichap is pleased to present this Starbucks property paired with a 10-Year lease with minimal landlord responsibilities (NN). The world's #1 specialty coffee retailer, Starbucks has more than 25,000 coffee shops in 75 countries. The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas. Starbucks operates more than 12,700 of its own shops, which are located mostly in the US, while licensees and franchisees operate roughly 12,375 units worldwide.

INVESTMENT HIGHLIGHTS

    10-year Double-Net (NN)
    Minimal Landlord Responsibilities
    Great Exposure With Excellent Visibility
    10% Increase in Rent in March 2023
    Drive-Through Location
    Investment Grade Corporate Guaranteed Tenant | A2 Moody's Credit Rating
    New Jackson West Medical Center Being Built Across the Street
    Located Directly on NW 25th Street, Which Provides Traffic Counts of Over 30,000 VPD
    Out parcel to the Shoppes at MICC, a 46,000 square foot retail strip center,
    Situated In Davenport’s Retail Corridor Across From Posner Park Shopping Center
    This location provides easy access to the Palmetto Expressway (SR-826) and the Miami International Airport (MIA)
    This property is extremely easy to manage and would be ideal for any investor given the tenant, location and overall condition of the property
    Single-tenant Net-leased Asset

Buyer Representation


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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