Starbucks - Huntsville AL_待售物业
Starbucks - Huntsville AL_待售物业
11709 Memorial Parkway Southwest, Huntsville, AL, 35803, US

Starbucks - Huntsville AL

资产描述

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,500 square foot freestanding, recently built single-tenant Starbucks located at 11709 Memorial Parkway SW in Huntsville, AL (“Property” or “Asset”).


The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) with approximately 12.5 years remaining on the primary lease term. Investors have the opportunity for 59bps of additional yield through a contractual, near-term 10% rent increase in July 2026. The Asset features five, five-year renewal options with 10% rent increases in each option period.


Located just over eight miles south of downtown Huntsville, the Property sits near the southeast corner of Memorial Parkway SW and Redstone Road SW in a dense commercial corridor with high traffic counts of 52,000+ vehicles per day and over 60,000 residents within a five-mile radius. The area is highly affluent with average household incomes over $125,000 and 20.7% population growth since 2010 within a five-mile radius.


Huntsville is the largest city in Alabama and was recently ranked in the Top 10 Southeastern cities on the rise. According to U.S. News & World Report, Huntsville is the #2 Best Place to Live in the U.S. and the #1 Best Place to Live in Alabama in 2023.


This unique opportunity allows investors the ability to acquire an infill retail asset located in a fundamentally strong and highly affluent market. The asset offers secure, long-term cash flow backed by an investment grade tenant with global brand name recognition. 

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属性

询价
¥17,540,000
资本化率
5.85%
净运营收入
¥1,027,000
建筑净面积
232 平方米
建成年份
2021
加权平均未到期租赁期
12.5 年

媒体

投资亮点

  • 2021 build-to-suit with drive-thru lane and outdoor seating 
  • ~12.5 years of initial lease term remaining with a 10% rent increase in 2026 and 5, 5-year options
  • Near-term 10.0% rent increase in July 2026 offers investors 59bps of additional yield
  • Starbucks (S&P: ‘BBB+’) is the world’s largest specialty coffee retailer (35,000+ locations)
  • Incredible demand characteristics driven by a 5-mile AHHI of $125,000 and 20.7% population growth since 2010
  • Adjacent to #1 most visited Walmart out of 8 locations within a 15-mile radius
  • Exposure to over 52,000 vehicles per day on major throughfare in essential Huntsville retail hub
Starbucks - Huntsville AL 4_待售物业
Starbucks - Huntsville AL 4_待售物业

联系经纪人

Starbucks - Huntsville AL (0个物业)
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最后更新
2024年3月22日