Starbucks - Cullman, AL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,500 square foot, single-tenant Starbucks located at 5445 Hwy 157 in Cullman, Alabama (“Property” or “Asset”).

The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) with a brand new 10.0-year primary lease term with a 10.0% rent increase in year 6 and throughout each of the six (6), five-year options. The Property opened at the beginning of August 2024 as a build-to-suit for the tenant.

Located in the heart of Alabama’s automotive manufacturing belt 35 miles south of Huntsville and 45 miles north of Birmingham, the property sits between I-65 and Highway 31 along Highway 157, with elevated traffic counts of 21,000+ vehicles per day. The area surrounding the asset is surging with industrial investment, totaling $489M across 11 capital projects in 2023. The property’s population within a 5- mile radius of the site has grown 17% since 2010, and average household incomes expected to grow 13% over the next 5-years ($103,117).

Notably, the Property is positioned as an outparcel to a 189,000 SF Walmart anchored shopping center in strong a retail corridor, and the Walmart draws 2.4 million visitors annually, per Placer Ai. Prominent retail brands adjacent to the site include national Panda Express, Little Caesars, Zaxby’s, KFC and Wendy’s. The location is in a heavily trafficked area less than a mile from the nearest exits to I-95 and Hwy 31, providing direct access to daily traffic amounts of nearly 87,000+ people.

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