New Construction Starbucks

Highlights:

• Opening January 2024
• Investment Grade Tenant (S&P: BBB+)
• New construction with high-quality materials, finishes & distinct Starbucks design elements
• Drive-thru build-to-suit for Starbucks
• 10-year NN lease with 10% 5-year bumps - No termination option
• Four (4) Five (5) year options to extend
• 25,000 AADT in front of property
• Excellent visibility and access

Description:

Newly built NN-lease freestanding Starbucks available for purchase. Property has a 10-year lease with 5-year bumps. Lot is currently assessed and taxed as unimproved land. Starbucks does not have an early termination for this lease.

The available investment property is located at the intersection of Long Pond and Latta in Greece, a suburb on the northwest side of Rochester, NY. The investment property is in Greece Center Building Park, an ALDI-anchored development, shared with Burger King, GO Car Wash, Chase Bank, M&T Bank, a newly-constructed 17,000-square-foot UR Medical building, and The Gardens at Town Center, an apartment building with 176 one- and two-bedroom units, complete with the latest in conveniences.

Across the street from Greece Center is a Wegmans-anchored shopping center that has tremendous pull and brings consumers to the intersection on a consistent basis. Tenants in this center include KeyBank, Bruegger's Bagels, Pet Supplies Plus, UPS Store, Sports Clips, and a nail salon.

Other retailers in the trade area include Walgreens, Wendy's, Tractor Supply Co., McDonald's, Tim Hortons, several regional banks, and a YMCA. Additional developments of note in the trade area are the Greece Town Hall, Court, and Public Library.

Greece Town Center is a multi-use lifestyle park located in Greece, NY, a suburb of Rochester, at the intersection of Long Pond and Latta Road. The property benefits from strong demographics and traffic counts in a growing trade area with dense population. Tenants are Chase Bank, M&T Bank, University of Rochester Health, Burger King, ALDI, Go Car Wash, Occusight and Bank of Castile.

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