Starbucks - Hard Corner PAD

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a single tenant net leased investment occupied by Starbucks corporate located in the popular Minneapolis neighborhood of Saint Anthony, MN. Ranked no. 2 in the state for total visits (Creditntell – 2022), this location has five lease years remaining on the primary term, four 5-year option periods, and 10% rental increases every 5 years. The subject property comprises a 3,421 SF building with drive-thru and on a 0.49-acre parcel adjacent to Silver Lake Village Shopping Center and surrounded by over 3,600 multi-family units within a mile. The Ruby luxury apartments is a brand new multi-family complex of approximately 496 units located adjacent to the property.
Positioned directly on Silver Lake Road this property has excellent ingress/egress, sees over 18,000 VPD, and is within 15 minutes of downtown Minneapolis, which has an MSA population exceeding 2.9 million. Nearby retailers include Cub Foods (ranked 6th nationally – Creditntell – 2022), Chipotle, Cold Stone Creamery, Culvers, Walgreens, Anytime Fitness, and Valvoline. This is an excellent opportunity to own a single tenant investment grade drive-thru asset, with rent increases every option period and minimal landlord responsibilities.

Available