Lowest Cap Rate
3.67%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.60%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.66%
Average Cap Rate over previous quarter
Overview
Starbucks is a global leader in the coffee retail industry with more than 30,000 locations in 70 different countries and plans to expand with another 12,000 locations globally by 2021. Starbucks is a financially stable and strong investment. Lease terms are shorter, typically 10 years with rent escalations of 10% every 5 years (with multiple 5-year option periods). It's not unusual for a Starbucks lease to contain a 5-year termination right. If the store is free-standing, the prototype usually requires at least an acre in a suburban market to suit their 2,000+ SF building with drive-through.
Property & Lease
Sales Price Range$1,700,000 - $3,000,000
NOI Range$80,000 - $140,000
Building SF2,000
Lease Term10 Years
Escalations10% Every 5 Years
Stock SymbolNASDAQ:SBUX
Credit Rating
S&PBBB+
Moody'sBaa1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.24
5.23
5.58
5.05
4.96
4.59
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Springfield, IL6.30%
Canon City, CO6.23%
Greenfield, IN6.05%
Top Consumer Traffic
Chicago, IL1,200,000
Los Angeles, CA1,100,000
Watertown, NY926,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
