STARBUCKS OMAHA, NE

Starbucks is strategically located at the signalized, hard corner intersection of South 96th Street and US Highway 275, averaging a combined 99,900 vehicles passing by daily. The asset also benefits from nearby access onto Interstate 80 (187,400 VPD), making this a centralized location with easy commutes for employees and customers. Starbucks is ideally situated within a dense retail trade area with many strong surrounding tenants including Hy-Vee, BigWay Chicken & Catfish, Target, The Home Depot, Walmart Supercenter, Menards, and others. The strong national and regional tenant presence drives a loyal, local consumer base to the trade area, promotes crossover store exposure, and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Citron Apartments (149 units), Harrisburg Apartments (287 units), Cambridge Apartments (378 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 240,700 residents and 199,800 daytime employees, with a healthy average household income of $102,098.Lee & Associates is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, drive-thru equipped, corporate signed, Starbucks investment property located in Omaha, NE. The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: SBUX) and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 40,000 operating locations worldwide.