Starbucks (Investment)
1033 North Center Avenue
Somerset, PA 15501
County: Somerset
|
| |
![]()
|
| Availability |
For Sale |
| Use Type |
Investment |
| Property Type |
Retail |
| Building Size |
1,700 SF |
| Price |
$615,000 |
| Cap Rate |
6.50% |
| Status |
SOLD |
PROPERTY HIGHLIGHTS
- 15 Year NNN Ground Lease
- Lease Guaranteed by Starbucks Corporation
- Starbucks is a $6.3B corporation
- 10% Rent Escalations Every 5 Years
- Interstate Location
- Adjacent Regions Top Performing Ruby Tuesday
|
|
Property Description:
Pure NNN Starbucks Ground Lease in Somerset, PA at Turnpike Exit 110. Constructed and opened in 2006. Brand new 15 year lease with 10% rent escalations every 5 years. The property is located immediately adjacent a successful Ruby Tuesday (opened in 2004). Both Starbucks and Ruby Tuesday are the top performing stores for their size in their districts.
Location Description:
The property is located just off exit 110 of the PA Turnpike on Route 601. It sits immediately adjacent a successful new Ruby Tuesday. Surround by over 780 hotel rooms within 1/2 mile the area benefits from a strong year round tourism industry.
|
|
