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1881 Kiowa Boulevard N - Starbucks, Lake Havasu City, AZ

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1881 Kiowa Boulevard N - Starbucks

Lake Havasu City, AZ 86403-2849


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2017
Building Size:3,000 SF Land Area:.92 AC (40,075 SF)
For Sale Price:$2,625,000 Price/SF:$875.00
Cap Rate:4.20 %



Sale Notes:
New Starbucks- No Kickout - RARE Havasu City Site

SUBMIT OFFERS! NEW CONSTRUCTION! We are pleased to offer to purchase a newly developed, single tenant asset that is 100% leased to Starbucks on a new 10 year fixed term. The building is approximately 3,000 square feet, plus over 750 SF of patio, and is positioned on approximately 0.92 acres of land; the building is Starbucks' new Super Store prototype and comes with all warranties in place, including roof and structure. The lease contains 4 - 5 year option periods. There are 10% rental increases every 5 years, including the option periods, presenting a strong inflation hedge to an investor.This is an excellent opportunity to purchase a newly developed drive-thru Starbucks with strong site fundamentals, fixed rental increases, a long term lease (with no kickout options), and investment grade credit.

RARE HAVASU ASSET- ARIZONA"S PLAYGROUND! The subject property is ideally located as an outparcel along HWY 95 within the area' s strongest retail trade area and is flanked by national retailers such as Hobby Lobby, 99 Cent Only, Goodwill, Food City, Big Lots, Chase Bank, Ashley Furniture and Staples. The property also enjoys excellent ingress / egress and unobstructed street visibility along I-95. Starbucks, Inc (NASDAQ: SBUX) is the lease guarantor and holds an investment grade credit rating of A- by S&P and A3 by Moody' s (investment grade). Starbucks is an America global coffee company and chain based in Seattle, WA, and is the largest coffeehouse company in the world with approximately 21,000 locations across 64 countries. There are over 13,000 locations in the US alone. It' s market capitalization is approximately $53 Billion.

Colliers International
John Barnes
(602) 222-5042

  
Colliers International
Eric Carlton
(949) 724-5561




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