STARBUCKS | SALE PENDING

Address: 715 Port Republic Rd, Harrisonburg, VA

Price: $2,710,780

NOI: $142,316

Building Size: +/- 2,196 SF

Lot Size: +/- 0.63 AC

Type: Single-Tenant / Retail

joe kennedy

757.213.4151

Catharine Spangler

804.344.7140


 

Investment Overview

Strategically located near the campus of James Madison University
James Madison University is home to 22,000 students
Starbucks Logo on Travel Services (Logo) Signs North and South on I-81
Rare, firm 10 year term - without traditional Starbucks termination option
Lease commences June 2018 (upon delivery of the premises and approvals)
10% escalation every five years within term and extensions
Starbucks responsible for CAM, Real Estate Taxes and Insurance
Starbucks credit is rated “A-“ by Standard & Poor’s,” A-“ from Fitch, and “A3” by Moody’s