Starbucks - Eau Claire, WI

Highlights:

• LONG-TERM LEASE WITH PREMIER NET LEASE TENANT | INVESTMENT GRADE CREDIT
• EXCELLENT DEMOGRAPHICS | GROWING POPULATION
• PRIME OUTLOT IN REGIONAL TRADE AREA | DRAWS FROM OVER 40 MILES
• BRAND NEW CONSTRUCTION | DRIVE-THRU ACCESS
• NEAR A SIGNALIZED INTERSECTION | EXCELLENT HWY VISIBILITY

Description:

Foresite Capital Partners, in cooperation with AIG Properties, Ltd a licensed Wisconsin broker, is pleased to present a new construction Starbucks located at 3785 Gateway Drive in Eau Claire, WI. The subject offering features a fresh 10-year lease with Starbucks, with approximately 4% rental increases every 5 years during the primary term and option periods. The site is located approximately 5 miles southeast of downtown Eau Claire, in the Chippewa Valley regional trade area across the street from Oakwood Mall, an 800,000 square foot mall that draws from over 25 miles. The property is a highway facing outlot in front of a top-performing Walmart Supercenter anchored shopping center with Kohl’s, Sam’s Club, Dollar Tree and Petco. Across the street Target, Menards, Aldi, Goodwill and several hotels further anchor the trade area. The surrounding area is prime for retailers, with nearly 100,000 residents earning over $89,000 within a quick 15-minute drive. The asset’s location in a dominant regional trade area, surrounded by a deep and affluent population base, with a new construction building leased to one of the best tenants in the US, make it an excellent net lease investment opportunity.

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