Starbucks Absolute NNN Ground
1033 N Ctr Ave Somerset, PA 15501
1033 N Ctr Ave, Somerset, PA, 15501
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For Sale
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Corporate Starbucks tenant on an absolute NNN ground lease with zero landlord responsibilities.
Property Size1,750 SF
Price / SF$571.43
Days on Market43
Property Features for 1033 N Ctr Ave
General Information
- Standard status
- Active
- Size
- 1,750 SF
- Property subtype
- RETAIL
Listing agency
Commercial Properties Inc
(480) 213-2531
Listed by
Derek Buescher
(480) 213-2531
Source
Moodyscre
Added: Jun 9 Updated: Jul 21 at 2:06PM Checked: Jul 21 at 2:06PM
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Investment Insights
Based on property information with market context.
This Starbucks property is offered as an absolute NNN ground lease. Starbucks owns the building and improvements, while the landlord owns the land, creating a structure with zero landlord responsibilities. Starbucks has occupied the site since approximately 2007, with continued occupancy and exercised lease options demonstrating a strong long-term commitment.
The property is located along a major retail corridor near Interstate 76 in Somerset, PA, surrounded by national retailers including Walmart, Lowe’s, Aldi, McDonald’s, Sheetz, and Tractor Supply.
For sale with an absolute NNN ground lease framework, this offering is centered on the tenant’s ownership of the building and improvements and the landlord’s limited operational role.
The property is located along a major retail corridor near Interstate 76 in Somerset, PA, surrounded by national retailers including Walmart, Lowe’s, Aldi, McDonald’s, Sheetz, and Tractor Supply.
For sale with an absolute NNN ground lease framework, this offering is centered on the tenant’s ownership of the building and improvements and the landlord’s limited operational role.
Key Highlights
- Corporate Starbucks tenant on an absolute NNN ground lease
- Starbucks owns the building and improvements; landlord owns the land
- Zero landlord responsibilities under the lease
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.1k | $32.04 |
| − Vacancy | −$2.5k | −$1.44 |
| EGI | $53.5k | $30.60 |
| − OpEx | −$16.1k | −$9.18 |
| NOI | $37.5k | $21.42 |
1,750 SF · lease $32.04/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$535.5K
$468.5K – $624.7K
NOI $37,483 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$554.4K
$485.1K – $646.8K
NOI $38,808 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Corporate Starbucks tenant on an absolute NNN ground lease with zero landlord responsibilities.
Where is this nnn property located?
The property is located at 1033 N Ctr Ave Somerset, PA.
What is the asking price?
The asking price for this property is $999,995.
What are key features of this property?
This property features: Corporate Starbucks tenant on an absolute NNN ground lease; Starbucks owns the building and improvements; landlord owns the land; Zero landlord responsibilities under the lease
