SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, corporate signed, Starbucks investment property located in Omaha, NE. The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: SBUX) and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 40,000 operating locations worldwide.
Starbucks is strategically located at the signalized, hard corner intersection of South 96th Street and US Highway 275, averaging a combined 99,900 vehicles passing by daily. The asset also benefits from nearby access onto Interstate 80 (187,400 VPD), making this a centralized location with easy commutes for employees and customers. Starbucks is ideally situated within a dense retail trade area with many strong surrounding tenants including Hy-Vee, BigWay Chicken & Catfish, Target, The Home Depot, Walmart Supercenter, Menards, and others. The strong national and regional tenant presence drives a loyal, local consumer base to the trade area, promotes crossover store exposure, and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Citron Apartments (149 units), Harrisburg Apartments (287 units), Cambridge Apartments (378 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 240,700 residents and 199,800 daytime employees, with a healthy average household income of $102,098.