Pennsylvania Broker of Record: Jacob Cooper / License No.: PA RB306451
Faris Lee Investments is pleased to present the unique opportunity to acquire the fee simple interest in a newly constructed, single-tenant NNN-leased asset tenanted by Starbucks Corporation. Recognized as the world’s most valuable restaurant brand and the largest coffee retailer globally, Starbucks (NASDAQ: SBUX) boasts an investment-grade credit profile with a market capitalization exceeding $100 billion and fiscal 2025 revenues surpassing $37 billion. With a global footprint of over 40,000 locations—including more than 18,000 in the United States—the tenant continues to execute an aggressive growth strategy. This offering features the brand’s highly sought-after drive-thru prototype, a critical format that generates approximately 50% more revenue than non-drive-thru locations and captures the over 70% of company sales derived from mobile orders and delivery services.
The investment is secured by a new, long-term 10-year NNN lease structure that features no early termination clauses, ensuring a stable and secure income stream for the investor. The lease includes a rare and highly desirable 10% rental increase every five years, providing a robust hedge against inflation and ensuring consistent appreciation in cash flow and return on investment. Designed for ease of management, this NNN lease is ideally suited for a passive investor or a 1031 exchange buyer, as it minimizes landlord responsibilities with expenses passed through to the tenant. Furthermore, because the lease structure provides for ownership of the building improvements, the investor may benefit from significant tax advantages, including the ability to utilize cost segregation studies to accelerate depreciation. The investment is secured by a new, long-term 10-year NNN lease structure that features no early termination clauses, ensuring a stable and secure income stream for the investor. The lease includes a rare and highly desirable 10% rental increase every five years, providing a robust hedge against inflation and ensuring consistent appreciation in cash flow and return on investment. Designed for ease of management, this NNN lease is ideally suited for a passive investor or a 1031 exchange buyer, as it minimizes landlord responsibilities with expenses passed through to the tenant. Furthermore, because the lease structure provides for ownership of the building improvements, the investor may benefit from significant tax advantages, including the ability to utilize cost segregation studies to accelerate depreciation.
Strategically positioned as a high-profile street frontage pad, the subject property benefits from excellent visibility along State Avenue (State Hwy 68), a major thoroughfare seeing over 15,600 vehicles per day. The site is also located in close proximity to the Bear Valley Expressway, which supports over 38,100 daily commuters, further driving customer traffic to the trade area. Unlike inline retail spaces, this free-standing pad with a drive-thru represents the most liquid and sought-after investment product in the current market due to its intrinsic real estate value and superior accessibility. The combination of new construction, zero deferred maintenance, and prime real estate fundamentals creates a best-in-class investment opportunity.