(Building & Land) Fee Simple. Starbucks has a Brand new 10-year lease to Starbucks Corporation with attractive 10% rental escalations every 5 years! Starbucks operates over 40,000 locations worldwide! This brand new, build-to-suit construction is expected to be completed June 2025 and features an impressive double drive-thru with a 16-car stack! The asset is strategically positioned at the northeast hard corner of Rae Rd and Tom Osborne Pkwy, with a high visibility traffic count of 23,142 CPD, this large ±1.315-acre parcel is part of the dynamic Prairie Commons development – a 108-acre mixed-use project featuring prominent tenants such as Grand Island Regional Medical Center, Tabitha Senior Living, Prairie Commons Medical Office, Allen Capital Group/Unity Eye Care, SpringHill Suites, the 44-unit Prairie Commons Apartments, and Chief Industries HQ. Prominent retailers in Grand Island include Walmart, Sam’s Club, Home Depot, Menards, Hobby Lobby, Kohl’s, T.J. Maxx, HomeGoods, Sportsman’s Warehouse, Dick’s Sporting Goods, Burlington, Best Buy, Harbor Freight, Hobby Town, Hy-Vee, Ashley Store, Slumberland Furniture, Dollar Tree, PetSmart, Petsense by TSC, Hibbett Sports, Ken’s Appliance & Furniture, and Planet Fitness. Starbucks is 2 minutes (less than 1 mile) to Central Community College Grand Island – offering 22 career education programs and academic transfer courses across 18 areas serving 6,553 students at its campuses in Grand Island, Columbus, and Hastings; Pad site to Bryan Health Grand Island Regional Medical Center (GIRMC) – a 64-bed acute care hospital offering a comprehensive range of medical services such as Emergency Care, Surgical Services, Maternity & Neonatal Care, Rehabilitation Services, Diagnostic Imaging, Critical & Intensive Care.