Newly constructed in 2019, this NN corporate Starbucks lease features a twelve (12) year term with four (4) five-year options to renew, each with 10% increases.
Corporate Guaranty/Investment Grade Tenant
This is a corporate lease with Starbucks Corporation (NASDAQ: SBUX). The company has over 30,000 retail stores in 70 countries, a market cap of $89.68B, 1.24B shares outstanding, and an S&P rating of BBB+.
Relocation of High Performing Location
This Satarbucks is a relocation of their store just east on Eastgate North Drive. With the addition of the drive-thru feature, increased sales are anticipated at the new location.
Superior Highway Access & Visibility
Located just off the I-275 SR-32 exit, this location benefits from great highway access and visibility on highly trafficked SR-32.
Dominant Retail Corridor
The Eastgate retail corridor is located in Clermont County's Union Township, one of the fastest growing townships in Ohio. The area boasts strong demographics, including a median household income thta is 20% above state and national averages. Located across the street from Eastgate Mall, featuring such anchors as Dillard's, JCPenney, and Kohl's, along with more than 90 specialty stores including Aeropostale, American Eagle Outfitters, Bath & Body Works, Charlotte Ruse, Christopher & Banks, Hollister Co., and H&M.
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