Blytheville, AR - Starbucks

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate signed, Starbucks investment property located in Blytheville, Arkansas. The tenant, Starbucks Corporation has over 9 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features +/-7.50% rental increases every 5 years throughout the initial term and at the beginning the 2nd option period as well as each option after, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Starbucks is the largest coffee retailer in the world, with over 40,000 locations in 80 countries.

The Starbucks is located along E Main St, which averages 17,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Tyler. The property
is situated just east of Interstate 55 (22,000 VPD), a major north/south travelling highway that connects St. Louis, MO and Memphis, TN. In addition, the site is strategically positioned as an outparcel to Walmart Supercenter (1.8 Million Annual Visits) and Lowe’s Home Improvement (454K Annual Visits), helping increase consumer draw into the area. Furthermore, the asset is located next door to the #1 Burger King in the state of Arkansas, according to Placer.ai, further increasing consumer traffic to the subject property. Moreover, the site benefits from limited competition, as it is the Only Starbucks within a 45-mile Radius (Approx. 1-Hour Drive). The property is in the center of a retail corridor with other nearby national/credit tenants including Kroger, Dollar General, Tractor Supply Co, Anytime Fitness, Love’s Travel Stop, and more, further increasing consumer traffic to the site. The site is in close proximity to Arkansas Northeastern College, which has more than 1,300 students enrolled. The 5-mile trade area is supported by a population of over 20,300 with an average household income of $76,795.