The Snyder Carlton National Net Lease Team is pleased to offer for sale a single-tenant Starbucks (Corporate Lease) located in Lebanon, TN (Nashville MSA). Starbucks (NYSE: SBUX) operates over 41,000 stores worldwide, has over 361,000 employees, and has a net revenue of $36.18B (2024).
The subject building was just recently completed in 2025, and rent has commenced. Based on initial performance numbers, this location has proven to be a top performer within the Starbucks system. The 2,540 SF building is located along Main Street and is situated on a 1.775-acre parcel. Main Street is a major commercial thoroughfare running through the city of Lebanon. The parcel can also be accessed from the rear via Winwood Dr. The state-of-the-art, most recent building prototype is equipped with a dual lane drive-thru, extended stacking lane, outdoor dining patio, and indoor sit-down seating area.
The initial 10-year lease includes four 5-year Options with scheduled rental increases of 8% every 5 years. The lease is NNN with landlord obligations for roof, structure, parking areas, sidewalk, and landscaping. Aside from roof & structure, the maintenance of the parking lot and landscaping are reimbursable CAM expenses by the tenant.
With minimal landlord responsibilities, a corporate guaranteed lease from one of the largest companies in the world, and an investment-grade credit rating (S&P: BBB+), this asset is ideal for an investor seeking passive cash flow within a major MSA.
Lebanon, TN has been recognized as the 12th fastest-growing city in the U.S. by the U.S. Census Bureau, with a 8.9% population increase between July 2023 and July 2024, and a nearly 40% increase since 2020. This rapid growth is attributed to a convenient location near Nashville, an affordable cost of living, a growing job market with major employers, and a high quality of life.