FOR SALE: Starbucks - Decatur, AL (Huntsville MSA)

Colliers is pleased to offer qualified investors the opportunity to acquire a brand-new construction, Starbucks in the bustling commercial corridor of Decatur (Huntsville), AL. Starbucks executed a fresh 10-YR lease, which shall expire in 2035 and has no early kick-out clause. Furthermore, an investor will benefit from limited LL responsibilities, primarily roof, and structure, both of which are brand new and feature warranties. Furthermore, the lease includes 10% bumps every five years. Additionally, the lease is executed by Starbucks corporation, which benefits from investment grade credit (S&P: BBB+) and has a market cap of ±$128 B. The Huntsville MSA has experienced outstanding growth. Huntsville’s GDP has climbed 79% from 2008 to 2022, from $21.2 Billion to $38.1 billion. The Huntsville MSA is one of the fastest-growing in the nation. Home to the economic engine of The Redstone Arsenal, a military base with over 75 tenant agencies, the arsenal has an annual payroll of $3.3 billion. Not only does Redstone economically impact North Alabama, it significantly impacts the entire region. Furthermore, Mazda Toyota opened a $2.3 billion plant, a 3.7 million-square-foot facility in Huntsville, which has a spin-off effect of 16,000 jobs. Additionally, there is currently a planned $2.2 billion 411-acre development that is less than a 15-minute drive time from the subject property projected to transform the region. Planned are more than 3,500 residential units and 200,000 SF of commercial space. In summary, the Huntsville MSA is transforming into one of the most highly sought-after MSAs in the nation.