Brand New 2024 Construction -
Brand new location with a new 10-year lease with rent commencement in March 2025. Great opportunity to invest in a brand-new location of the world's largest coffee house chain with limited landlord responsibilities.
Strategic Location -
Situated directly in front of the 4Front campus, a development featuring over 500,000 square feet of office and lab space. This Starbucks is part of a new retail development in front of the campus and is positioned to have excellent access and visibility in a high-traffic area near I-694 and other busy thoroughfares.
Strong Demographics -
Oakdale benefits from steady population growth and favorable demographics, contributing to consistent demand in the area. The population within a 10-mile radius of the property is over 630,000 and the surrounding area has an average household income of over $117,000, exceeding the national average.
Proximity to the Twin Cities -
It is conveniently located about 10 miles east of St. Paul and 20 east of Minneapolis. Oakdale is consistently recognized nationally as a great place to live & work. The community has great schools and is close to major employment centers.
Investment Grade Tenant -
Starbucks Corporation (NASDAQ: "SBUX"), recognized as the leading coffee company globally, operates more than 40,199 locations and generated $36.2 billion in revenue in 2024.