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Starbucks - New 10 Yr. Lease 1085 Mid City Dr NW

2,500 SF Retail Building Huntsville, AL 35806 £3,668,850 (£1,468/SF) 4.41% Net Initial Yield

Investment Highlights

  • Brand New 10 Yr. NN Corp. Lease by Starbucks (NASDAQ: SBUX)- Double Drivethru- Just Opened!
  • Huntsville is the Next Austin- Called Rocket City USA, U.S. Space Command/ Nasa Center Located Here
  • Best in Class/ Iconic Brand- World Largest Coffee House Chain (36K+ Locations)- $115B+ CAP
  • Legacy NNN Opportunity- Portion of Mid City District Mixed Use Master Planned/ High-Tech District
  • True Trophy Site next to TopGolf- Epicenter of Retail Trade Area- The Camp/Huntsville Amphitheater
  • Next to Cummings Research Park- 2nd Largest Research Park in the U.S.- over 100K High Tech Workers

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a new single tenant net leased investment occupied by Starbucks in Huntsville, AL. The new construction Starbucks is subject to a 10-year net lease with four 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and limited landlord responsibilities providing years of inflation resistant income. Starbucks is at the gateway of MidCity District, a 140-acre redevelopment project prioritizing entertainment fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,865 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
B
Year Built
2023
Price
£3,668,850
Price Per SF
£1,468
Net Initial Yield
4.41%
NOI
£161,745
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.69 AC
Opportunity Zone
Yes
Parking
32 Spaces
Frontage
117 ft on Mid City Drive

Nearby Major Retailers

Twin Peaks
PNC Bank
Starbucks
Steak ‘n Shake
Trader Joe's
Wahlburgers
Truist
Bank Independent
Krystal
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-09-31-0-000-013.009
Land Assessment
£100,110
Improvements Assessment
£110,238
Total Assessment
£210,348
  • Listing ID: 31698554

  • Date on Market: 03/05/2024

  • Last Updated:

  • Address: 1085 Mid City Dr NW, Huntsville, AL 35806

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