Stafford, VA - Starbucks

Description:

• Starbucks Corporation recently signed a brand new 10-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site
• 2026 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 41,000 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option

• The subject property is located 1 mile from Stafford Marketplace, with tenants including Target, Lowe’s, PetSmart, Shoppers, T.J. Maxx, and other national retailers
• Stafford Marketplace ranks in the 98th percentile of all shopping centers nationwide and is the most visited neighborhood center in the state (1/493)
• Starbucks is conveniently located off I-95 (141,000 VPD), Garrisonville Rd (72,000 VPD), and along Richmond Hwy/US-1 (24,000 VPD) exposing the site to daily commuters
• The site is equipped with a drive-thru, allowing for Starbucks to maximize efficiency and productivity at this location
• The site is adjacent to Aquia Fifteen Apartments at Towne Center, a 256 unit apartment community built in 2016

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Listing ID: a28TP0000031d8rYAA