Starbucks & Taco Bell, Franklin Square Retail FOR SALE
Franklin Square, NY |
$11,176,471 USD
212-430-5196
Starbucks & Taco Bell, Franklin Square
Franklin Square, NY
HIGHLIGHTS
- New Construction: Brand-new, dual drive-thru properties featuring strong rental increases throughout the term.
- Investment Grade Tenants: Starbucks (NASDAQ: SBUX, S&P: BBB+) and Taco Bell/Yum Brands! (NYSE: YUM, S&P: BB+)
- Starbucks Relocation: Tenant is relocating from a high-performing café-only location ranked in the top 94th percentile nationally.
- High Barrier to Entry: Complex and time-consuming entitlement and approval processes limit new tenant relocation opportunities.
- Affluent Market: $144,000 average household income within a 5-mile radius.
- Dense infill-market: Over 816,000 residents within a 5-mile radius.
OVERVIEW
Marcus & Millichap is pleased to present 596 Franklin Avenue, a net-lease property in Franklin Square, NY. The property features a Taco Bell Drive-thru & Starbucks Drive-thru on a 2.33-acre parcel. Taco Bell is operating under a 20-year NNN lease with four (5) year options, and Starbucks is under a 10-year NN lease with three (5) year options.
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212-430-5196
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212-430-5196
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