Property summary
This exceptional investment opportunity presents a newly constructed, 2,480 square foot Starbucks in Carthage, Missouri, situated on a 1.03-acre lot. Boasting a rare 12-year primary lease with a credit-rated corporate guarantor, the property features a 10% rent increase in year six and 7.5% increases in each of four, five-year options. The lease is a triple-net (NNN) agreement, with the tenant responsible for all landscaping, CAM, HVAC, and daily operations. The building is strategically located in Carthage's main retail corridor, adjacent to a Walmart Supercenter and Aldi, and near other national retailers, a high school, and a YMCA. This prime location, combined with the strength of the Starbucks brand and the long-term lease, offers a compelling investment with a 6.50% cap rate and a current NOI of $174,500. The concrete parking lot ensures a longer lifespan than asphalt. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The building was constructed in 2024/2025 and is currently 100% occupied. The asking price is $2,684,000. This is a single-tenant property with no early termination option.
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6 recent transactions · within 1.5 miComparable in this City
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