Overview

Description

• Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2023 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 35,000 stores
• The lease features 5% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Offering features a rare, low rent for a new build-to-suit Starbucks

• Starbucks is strategically located as an outparcel at Mohawk Acres Plaza, anchored by Market 32 and Family Dollar
• The shopping center ranks in the top 68% of all US neighborhood centers and in the top 58% of all New York neighborhood centers via Placer.ai
• Rome is a forward-thinking city focused on the next generation of cybersecurity initiatives, unmanned aerial systems (UAS) testing and research, in conjunction with the world renowned Air Force Research Laboratory (AFRL) located at the former Griffiss Air Force Base (2 miles from subject property) home to over 5,000 employees amid a mix of high technology, Department of Defense facilities and light industrial businesses

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