2801 Highway 78 E Jasper, AL 35501

This exceptional investment opportunity presents a newly constructed, 2,500 square foot Starbucks located at 2801 Hwy 78 East in Jasper, Alabama (zip code 35501). Situated on a 1.21-acre lot, this single-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $150,000, yielding a 6.35% cap rate. The asking price is $2,362,205, translating to $944.88 per square foot. This is a net lease (NN) investment with a credit-rated tenant and a corporate guarantee from Starbucks Corporation, providing significant security. The lease commenced October 1, 2024, and has a remaining term of 9.9 years, extending to October 31, 2034. Five 5-year lease options are included, each with a 10% rent increase. The property benefits from its location near various big-box retailers, apartments, and schools, within a densely populated area. Jasper's strong demographics, with over 21,554 residents within a 5-mile radius, further enhance the investment's appeal. The property's proximity to Birmingham, Alabama, and its educational institutions, adds to its long-term growth potential. This is a rare opportunity to acquire a high-performing, nationally branded asset with a secure, long-term lease. The building was constructed in 2024.