Overview

Description

Faris Lee Investments is pleased to present the unique opportunity to acquire a trophy 2 tenant investment grade offering - Starbucks and American Family Care (AFC) Urgent Care. Starbucks maintains an S&P Rating of BBB+ and is the largest coffee chain in the world with over 30,000 locations, $29 billion in assets, and a market capitalization of approximately $107 billion. Starbucks opening exceeded expectations. With their new café prototype concept with over 300 locations nationally, AFC Urgent Care is an industry leader in urgent care clinics. The investment offers an extremely secure income stream and boasts brand new construction completed in 2023.

Starbucks and AFC Urgent Care benefit from an irreplaceable location with ±28,000 vehicles per day on W. Walnut Avenue (Hwy 52). The location is an outparcel to a grocery anchored shopping center. Retailers within the shopping center which provide a tremendous customer draw to the area include Food City, Ross, PetSmart, ULTA Beauty, AT&T, and Crumbl Cookie to name a few. The tenants also benefit from strong demographics within the immediate area featuring $102,000 AAHI within a 1 mile radius and more than 106,000 people residing within a 10 mile radius.

Highlights

• Starbucks-Excellent Store Opening | Corporate / Investment Grade Credit
• AFC Urgent Care – Strong Grand Opening –State of the Art Diagnostics
• New 10 Year Leases With Strong Rental Increases Every 5 Years
• New Café Prototype and Drive-Thru Concept for Starbucks
• Outparcel To Dominant Georgia Grocery Anchored Community Center
• Only Starbucks Drive thru Location within a Nearly 3 Mile Radius
• Located On the Core Retail Corridor with Excellent Economic Drivers
• Ease Of Management Investment | NNN Lease | Pride of Ownership New Construction
• Highly Affluent Immediate Trade Area – Draws From a Large Trade Area

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