- For Sale $2,191,000
- Property Type Retail - Free Standing Bldg
- Property Size 2,225 SF
- Lot Size 1.14 Acre
- # of Floors 1
- Property Tenancy Single Tenant
- Year Built 2023
- Date Updated May 19, 2023
- Website www.ciadvisor.com
$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
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Walk Score ®54/100 Somewhat Walkable
Bike Score ®47/100 Somewhat Bikeable
- City Newton, KS
- Neighborhood Newton
- Zip Code 67114
- Market Wichita
Points of Interest
Newell's Truck Plaza
Casey's General Store
Genova's Italian Resturant
Panda Hibachi Grill & Buffet Express
Great Wall Chineese
The Bread Basket
Anderson Office Supply
Hesston Food Market
Frequently Asked Questions
What is the total square footage of STARBUCKS NEWTON, KS?
STARBUCKS NEWTON, KS totals 2,225 square feet.
When was this property built?
STARBUCKS NEWTON, KS was built in 2023.
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