1790 Black River Blvd N - Fast Food FOR SALE


Rome, NY 13440
$1,652,000 USD
973-632-1386
1790 Black River Blvd N, Rome, NY for Sale
$1,652,000 USD
Fast Food - FOR SALE
1/7
null | 5.75% Cap Rate

1790 Black River Blvd N
Rome, NY 13440


HIGHLIGHTS

  • Rare low rent for a new build-to-suit Starbucks at only $95k
  • Brand new 10-year lease with 6 (5-year) options to extend - No termination option
  • 2023 construction with high-quality materials, high-level finishes, and distinct Starbucks design elements
  • Outparcel to Mohawk Acres Plaza, a grocery anchored shopping center featuring Market32 - Ranked top 68% of US neighborhood centers by Placer.AI
  • Across from Rome Health and Rome Memorial Hospital, a 129-acute bed hospital and 80 resident skilled nursing facility
  • Only Starbucks in Rome and within a 15-mile radius | Located at the traffic stoplight with dual access from both sides of State Highway 46 (21,000 VPD

OVERVIEW

• Starbucks has 8 years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • 2023 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements • The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • Offering features a rare, low rent for a new build-to-suit Starbucks

FOR SALE DETAILS

PRICE

$1,652,000 USD

PRICE/SF

$826 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.71 AC

LAND SF

292,288 SF

ZONING

Commercial

APN/PARCEL ID

301301 224.013-0002-006

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.