STARBUCKS NEWTON, KS

$2,191,000  5.75% CAP

Starbucks has a New 10-Year NN Lease (NO EARLY TERMINATION) with an Attractive 7.50% Rental Escalations Every 5 Years & During Renewal Options! The Tenant, Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) Operated 16,826 Company-Operated & Licensed Stores in North America and 17,007 Company-Operated & Licensed Stores Internationally (as of October 3, 2021). Starbucks’ Latest Prototype with Impressive 12-Car Stack in Drive-Thru - Slated for Opening Date/Rent Commencement on February 1, 2023 (Est.).

The Asset is Positioned on a Large ±1.14-Acre Lot - Pad Site to a Walmart/Orscheln Anchored Shopping Center (Across the Street from NMC Health Medical Center) with Great Visibility/Access on N Kansas Ave where Traffic Counts Exceed 11,610 CPD! Just South of US Rte 50 (8,054 CPD). Pad site to a Walmart/Orscheln Farm & Home Anchored Shopping Center - nearby major retailers include Dollar Tree, Dillon’s, Cato Fashions, Ace Hardware, Tractor Supply, Dollar General, Sherwin Williams, Goodwill, Walgreens, AutoZone, Carquest Auto Parts, O’Reilly Auto Parts, Verizon, etc.; Dining options include Arby’s, McDonald’s, KFC, Taco Bell, Wendy’s, Burger King, Sonic Drive-In, Freddy’s, Subway, Pizza Hut, Little Caesars, Papa Johns, Applebee’s, Billy Simms BBQ, Braum’s, and Taco Tico. Starbucks is 4 miles from Bethel College - a private Christian college with 495 students (Fall 2022); Across from  NMC Health | Medical Center - a general medical & surgical hospital with 99 beds.

In Association with Kansas Designated Broker:

Jessica Zahn Gibson  |  CIA Brokerage Company  |  License # 226485