Starbucks Mankato

Highlights:

• The property is a newly constructed (2024) Starbucks with Drive-Thru. The fresh 10 year lease has rent increases every five years.
• The property is located on a signalized intersection of Madison Avenue the premiere retail corridor in Mankato, MN. The site is adjacent to a newly opened $155 million hospital expansion from Mayo Clinic Health System.
• The Madison Avenue retail corridor features numerous national retailers including CVS, Aldi, Walmart, Cub Foods, Sams Club, T.J. Maxx and many more.
• College Town – Mankato is home to Minnesota State University which has enrollment of over 14,000 students.
• Starbucks has an S&P Investment Grade Credit rating of “BBB+” and is ranked #116 on the Fortune 500 List with an Annual Revenue over $36 Billion.
• Starbucks is the largest coffee retailer in the world with over 38,000 locations in 80 countries.

Description:

CBRE is pleased to offer the opportunity to acquire the fee simple interest in this newly constructed single tenant Starbuck’s asset located in Mankato, MN. The property is 100% leased to Starbuck’s Corporation (S&P BBB+) on a brand new 10-year lease with rent increases every five years including the four 5-year option periods. The property is well positioned on a signalized corner of Madison Avenue which is the dominant retail corridor in the Mankato, MN submarket. The site is adjacent to the Mayo Clinic hospital that just went through a $155 Million dollar hospital expansion. Starbucks is the world’s largest specialty coffee retailer with over 38,000 stores in 80 countries.

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