Starbucks Target Outparcel Selfmaintained Parcel — Sale in Easton, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Easton, MD 21601

Investment Figures

Cap rate
5.50%

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

NEW 10-YEAR CORPORATE LEASE– The Tenant, Starbucks Corporation, is subject to a new 10-year corporate lease with a store opening scheduled for October 2025. The lease features a rental increase of 21 percent (21%) in its first option period, and 10% every option thereafter, providing revenue growth and a hedge against inflation. Starbucks is the world’s premier coffee company, rated “BBB+” by Standard & Poor’s and publicly traded on the NASDAQ. This location is the renovation of a former Chevy Chase Bank building which was constructed in 2008. The landlord recently renovated the building to allow for nine (9) car stacking in the drive-thru, and contributed only $57 PSF to the TI package. It is notable that the tenant is paying $38 PSF which is a market rental rate for this location’s quality. Investment Highlights: • NEW 10-YEAR CORPORATE LEASE • SECOND GENERATION SPACE; RENT RATE AT MARKET • 21% RENT INCREASE IN YEAR 11!

Market Context

This retail in Easton, MD is listed for sale. It is offered at an approximate 5.5% 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 Easton, MD — view the full market.

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