The Boulder Group is pleased to exclusively market for sale a single tenant net leased Starbucks property positioned within the Minneapolis MSA in Buffalo, Minnesota. The new 10-year lease runs through February 2035. The lease features rental escalations every five years throughout the primary term and four 5-year renewal options.
The 2,230 square-foot building benefits from its position at a signalized intersection along Minnesota State Highway 25 which experiences over 17,800 vehicles per day. The property is also just two blocks north of Minnesota State Highway 55 which leads directly to downtown Minneapolis and carries 21,800 vehicles per day. The property is ideally situated across from a Walmart Supercenter and near key demand drivers such as Buffalo Hospital and Buffalo Middle School (1,100+ students). The surrounding retail corridor attracts consistent consumer traffic, with neighboring tenants including Chipotle, O’Reilly Auto Parts, TrueValue, Walgreens, McDonald’s, Wells Fargo, Culver’s, Ford, Chevrolet, and more. The trade area is home to over 22,000 residents within a five-mile radius, boasting a strong average household income of $110,085.
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+.