Starbucks — Sale in Commack, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Commack, NY 11725

Investment Figures

Cap rate
4.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale 2061 Jericho Turnpike, a brand new construction Starbucks location in Commack, NY. Investment Highlights: • New Construction: Brand-new, double drive-thru property featuring strong rental increases throughout the base term and option periods. • Investment Grade Tenant: Starbucks (NASDAQ: SBUX, S&P: BBB+) • Starbucks Relocation: Tenant is relocating from a high-performing neighboring location ranked in the top 91st percentile nationally. • Dense infill-market: Over 196,000 residents within a 5- mile radius. • Affluent Market: $175,000 average household income within a 5- mile radius. • Myriad Nearby National Retailers: Whole Foods, BJ's Wholesale Club, Home Depot, LIDL, Dick's Sporting Goods, Trader Joe's and Hobby Lobby.

Market Context

This retail in Commack, NY is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Commack, NY — view the full market.

Contact

  • Michael Tuccillo

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