Starbucks Drive Thru | Brand New 10-Year Lease | ABQ NM

CBRE is pleased to exclusively offer a 1,310-square foot single-tenant, brand new construction, drive-thru only Starbucks asset located in Albuquerque, New Mexico (the “Property”). The offering is inclusive of a new 10-year lease that features four 5-year options to renew and contractual rent increases every five years. The lease features a corporate guarantee from Starbucks Corporation (S&P: BBB+), one of the nation’s preeminent retailers with consolidated annual net revenue in excess of $9.1 billion (FY Sept 2024).
 

 HIGH CREDIT TENANCY 
»  Starbucks (S&P: BBB+) is one of the nation’s preeminent corporations and operates over 40,000 retail stores in 86+ countries
» Starbucks generated consolidated annual net revenue in excess of $9.1 billion (FY 2024)

LONG TERM LEASE WITH ATTRACTIVE NET LEASE STRUCTURE
» 10-year lease term with (4) 5-year options
»  10% contractual rental bumps every 5 years through initial term and option period

IRREPLACEABLE REAL ESTATE FUNDAMENTALS
»  Shadow anchored by a top performing Smith’s (Kroger) grocer accounting for over 1.2M visits in the past 12 months
»  Located along Tramway Boulevard SE with direct access to I-40, the main travel corridor in New Mexico
» Drive by exposure to over 34,800 VPD at Tramway Blvd SE and Central Avenue NE