Overview

Description

Starbucks has a Brand new 10-year NN* lease to Starbucks Corporation with attractive 7.50% rental escalations every 5 years! The Tenant, Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide. All nearby retailers rank in the upper 9th percentile in foot traffic nationally!
The Asset is Pad site to Top 24th Ranked Walmart in the nation with impressive 3,287 SF building - situated on a large ±1.49-acre lot (18-car drive-thru stack) with excellent access/ visibility on Cassidy Blvd with traffic counts of 23,226 CPD! Pad site to Walmart Supercenter / Lowe’s / Food City Shopping Center with key tenants such as Dollar Tree, Aaron’s, Tractor Supply, GameStop, Hibbett, Rent-A-Center; nearby retailers include Hobby Lobby, Marshalls, Ross Dress for Less, Maurices, Five Below, Rack Room Shoes, Ulta Beauty, Petco, Dollar General, GNC, Kay Jewelers; Dining options include McDonald’s, Arby’s, Burger King, Buffalo Wild Wings, Applebee’s, Mr. Gatti’s Pizza, Penn State East Coast Subs, Texas Roadhouse, Jimmy John’s, and Moe’s Southwest Grill. It is 4 miles from the University of Pikeville - a private university affiliated with the Presbyterian Church, offering over 30 majors & programs with more than 1,950 students; Less than 4 miles from Pikeville Medical Center – a 348-bed tertiary care center offering more than 400 services, including most major specialties & many subspecialties with more than 3,000 employees.

Highlights

• Brand New 10-Year NN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
• Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide
• All nearby retailers rank in the upper 9th percentile in foot traffic nationally!
• Pad site to Top 24th Ranked Walmart in the nation with impressive 3,287 SF building - situated on a large ±1.49-acre lot (18-car drive-thru stack) with excellent access/ visibility on Cassidy Blvd with traffic counts of 23,226 CPD!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 16,287 | Average Household Income (1-MI): $103,610

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