2123 Kimball Ave - Fast Food FOR SALE


Waterloo, IA 50702
$2,400,000 USD
909-456-3476
2123 Kimball Ave, Waterloo, IA for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/10
null | 6.37% Cap Rate

2123 Kimball Ave
Waterloo, IA 50702


HIGHLIGHTS

  • STARBUCKS COFFEE (NYSE: SBUX) | OVER $29.45 BILLION IN ASSETS | MORE THAN 38,000 STORES ACROSS THE WORLD
  • LOCAL MARKET REAL ESTATE | STRONG TRAFFIC COUNTS | LOCAL SCHOOLS PROVIDING STRONG TRAFFIC TO LOCATION
  • UNDER-SERVED MARKET | BRAND NEW 10-YEAR LEASE | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
  • CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | BBB+ S&P RATING

OVERVIEW

STARBUCKS COFFEE (NYSE: SBUX) | OVER $29.45 BILLION IN ASSETS | MORE THAN 38,000 STORES ACROSS THE WORLD Starbucks Coffee has a total store count of 38,000+ stores operating across the world and has commitments to open more over 2,000 more stores in an effort to continue sales growth. Corporate Guarantee | Starbucks Coffee (NYSE: SBUX) is a publicly traded company that provides landlord with a secure investment over the long-term. Continuing efforts to grow the mobile ordering business, this Starbucks location features all high end ordering methods that help increase same stores sales year over year. LOCAL MARKET REAL ESTATE | STRONG TRAFFIC COUNTS | LOCAL SCHOOLS PROVIDING STRONG TRAFFIC TO LOCATION Combined traffic counts of (22,000+ VPD Intersection) per day allows for high visibility. Regional Town Demographics allow tenant market share control | Waterloo, IA has a population of 66,000 people making it an ideal location for easy drive thru traffic and easy access. Local Elementary Schools & Employers allow for consistent day time and evening traffic which is another reason for Tenant’s Commitment to the location. UNDER-SERVED MARKET | BRAND NEW 10-YEAR LEASE | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES Location immediately next to competitors shows Starbucks confidence in the marketplace. Limited Landlord Responsibilities – 10 Year Rood Warranty in place. Brand new 10-Year lease for a long term investment. The lease features rental increases of 7.5% every 5 years which protects landlord against inflation. CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | BBB+ S&P RATING Lease is guaranteed by the corporate entity Starbucks Coffee (NYSE: SBUX) | Publicly traded backed lease allows for financial transparency along with enhanced credit for better lending options. Strong Financials with year over year sales and profitability increases (***Ask Broker for Details). A BBB+ S&P credit rating allows buyer and future landlord easier access to capital from lenders due to the tenants high financial backing.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,091 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

S-1

APN/PARCEL ID

8913-35-353-007

ASK ABOUT THIS PROPERTY

Neil NaranValue Net Lease PartnersMore Info
909-456-3476

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Neil NaranValue Net Lease PartnersMore Info
909-456-3476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.