Starbucks Coffee

Phone: 212.972.7457 Fax: 212.686.0078 exp@

Starbucks Coffee

185 Spencer Street ? Manchester, CT

Price: $1,479,000 | NOI: $105,000 | CAP: 7.10%

Starbucks Corp. | S&P: A- | NASDAQ: SBUX Original term began in 2003 and Starbucks just extended their lease 10% escalations every 5 years Approximately 5 miles east of downtown Hartford Located 20 minutes from Bradley International Airport In front of newly approved Wal-Mart

WSthairsbpuecrkVsalley Ranch

IPnrvoepsetrmtyeLnitnOevMearvpiew

PROPERTY OVERVIEW: For sale is a 1,950 sf Starbucks in Manchester, CT on .51 acres of land with a drive-thru. Starbucks has been at this location since 2003. In August 2012, one year prior to their lease expiration, they signed a new 10 year lease which expires in 2024. The building is located at the signalized intersection of Spencer Street and Hillstown Road. A Wal-Mart supercenter has just been approved next door and is scheduled to open in 2014. The property is next to Dunkin Donuts and is across the street from a Shop Rite anchored center. The property is located on State Highway 502 with average daily traffic counts of 25,000+ vehicles per day. Other tenants in the area include Wendy's, Subway, Shell and Pep Boys among others.

LOCATION OVERVIEW: Manchester is a township and city in Hartford County, Connecticut. Manchester has more than 1,000 acres of park land, a range of housing styles and prices in attractive neighborhoods, Manchester Memorial Hospital, Manchester Community College, an award-winning school system, performing arts organizations, libraries and friendly, communityspirited residents. Manchester is located 10 miles from Hartford, CT.

Hartford is the capital of Connecticut. As of the 2010 Census, Hartford was the seventh largest city in New England. In 2004, the Hartford metropolitan area ranked second nationally in per capita economic activity, behind only San Francisco. Hartford is ranked 32nd of 318 metropolitan areas in total economic production.

INVESTMENT SUMMARY

Price:

$1,479,000

CAP Rate: 7.10%

NNN Rent: $105,000

Bld. Sq Ft: 1,950 sf

Land Size: .51 acres

Lease Type: Net Lease

LEASE SUMMARY: Original Rent Commencement: Lease Expiration: Current Rent: Lease Type:

September 1st, 2003 (Starbucks signed a new 10 year lease in August 2012)

February 29th, 2024 Current Term

$105,000

$

Net Lease

$

Landlord responsible 2 (5) Yr Options

for roof & structure

1$

105,000 115,500

127,050

10.00%

From Current 3/1/2019

10.00% 3/1/2024

2 $ 139,755 10.00% 3/1/2029

To 2/28/2019 2/29/2024

2/28/2029 2/28/2034

*Starbucks has a one time right to terminate in March 2020 with 1 year notice. Current rent is $97,750, seller will credit difference.

TENANT OVERVIEW: Starbucks Corporation (NYSE: SBUX | S&P: A-): Starbucks Corporation operates 6,705 stores and 4,082 licensed stores in the United States; 2,326 company-operated stores and 3,890 licensed stores internationally. The company provides regular and decaffeinated coffee beverages, Italian-style espresso beverages, cold blended beverages, iced shaken refreshment beverages, premium teas, packaged roasted whole bean coffees, and soluble coffees. Starbucks stores also offer various fresh food items. In addition, it sells bottled Frappuccino beverages, Starbucks DoubleShot espresso drinks, and Discoveries chilled cup coffee, as well as markets and distributes Starbucks super-premium ice creams. Its brand portfolio includes the Starbucks, Tazo tea, Seattle's Best Coffee, and Starbucks VIA Ready Brew. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.

This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser's responsibility to independently confirm the accuracy and completeness of the information contained herein.

INVESTMENT OVERVIEW

WSthairsbpuecrkVsalley Ranch

APLaroebpaeelHertidsytALoeirnryiealMap

Coming in 2014

All Star Restaurant & Bar

Manchester Community College

This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser's responsibility to independently confirm the accuracy and completeness of the information contained herein.

WSthairsbpuecrkVsalley Ranch

APLoroecpaaetHirotisyntLoMirnayep Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser's responsibility to independently confirm the accuracy and completeness of the information contained herein.

WSthairsbpuecrkVsalley Ranch

PDreompoegrtryaLpihniec DMaatpa

Radius Population: 2016 Projection 2011 Estimate 2010 Census Growth 2011-2016 Growth 2010-2011 2011 Population By Hispanic Origin 2011 Population by Race: White Black or African American American Indian and Alaska Native Asian Native Hawaiian and Pacific Islander Other Race Two or More Races 2011 Households: 2016 Projection 2011 Estimate 2010 Census Growth 2011-2016 Growth 2010-2011 Owner Occupied Renter Occupied 2011 Avg Household Income 2011 Med Household Income 2011 Per Capita Income 2011 Households by Household Inc: Income Less than $15,000 Income $15,000 - $24,999 Income $25,000 - $34,999 Income $35,000 - $49,999 Income $50,000 - $74,999 Income $75,000 - $99,999 Income $100,000 - $149,999 Income $150,000 - $199,999 Income $200,000+

3 Mile

71,564 70,462 70,406 1.60% 0.10% 12,436

44,140 12,523

243 5,626

24 5,392 2,513

28,858 28,432 28,394 1.50% 0.10% 16,416 12,016 $73,300 $56,822 $29,949

2,859 2,602 2,732 4,000 5,588 3,881 4,566 1,332 872

5 Mile

142,600 140,453 140,319 1.50% 0.10% 22,524

93,520 21,718

465 10,133

62 9,994 4,562

58,488 57,639 57,587 1.50% 0.10% 35,493 22,146 $78,383 $59,587 $32,466

5,512 5,125 5,144 7,841 10,830 8,044 9,509 3,086 2,548

10 Mile

506,149 497,604 496,673 1.70% 0.20% 94,198

313,940 95,958 1,658 24,946

178 45,700 15,226

200,181 196,474 196,021 1.90% 0.20% 116,418 80,056 $76,854 $56,224 $31,126

25,796 18,520 17,450 25,201 34,271 24,638 29,853 10,886 9,859

Contact Us

EXP Realty Advisors 118 East 28th Street

Suite #901 New York, NY 10016 Phone: (212) 972-7457 Fax: (212) 686-0078

Our Team

Robert P. James President

Phone: (212) 972-7457 Email: rob@

Daniel de Sa` Director of Sales Phone: (212) 972-7457 E-mail: dan@

This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy. It is the Purchaser's responsibility to independently confirm the accuracy and completeness of the information contained herein.

DEMOGRAPHIC DATA

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download