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- LoopNet Team
2021 Highway 192 W
London, KY 40741
Starbucks · Retail Property For Sale
Investment Highlights
- Corporate Guarantee: Corporately guaranteed by Starbucks (NASDAQ: SBUX).
- Low Competition: No direct coffee competition in the area, the only Starbucks in a 50-mile radius, & the only Starbucks serving the city of London, KY
- Dominant Trade Area: Subject property is located down the street from the Walmart Supercenter, Tractor Supply, Lowe’s, & Kroger.
- High-Quality Construction: High-quality all-brick construction with a drive-thru lane and outdoor patio seating.
- Ideal Interstate Access: Starbucks is strategically located directly off I-75, a highly trafficked freeway providing access across Kentucky.
- Intrinsic Real Estate Fundamentals: Starbucks directly benefits from its placement in front of three nat'l hotel brands & across from a major hospital
PROPERTY FACTS
- Freestanding
- General Retail Fast Food
- General Retail Restaurant
Amenities
- Corner Lot
- Courtyard
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
About 2021 Highway 192 W , London, KY 40741
INVESTMENT HIGHLIGHTS: Corporate Guarantee: Corporately guaranteed by Starbucks (NASDAQ: SBUX), arguably the most recognizable coffee chain in the world, which holds investment-grade credit (S&P: BBB+) Strong Lease Fundamentals: Starbucks is currently in their 1st five-year option w/ approximately 2 years remaining. The Lease includes 10% increases every 5 years, and throughout the 3 remaining five-year options High-Quality Construction: High-quality all-brick construction with a drive-thru lane and outdoor patio seating. Subject Starbucks is presenting an inviting atmosphere for customers while providing excellent visibility in a pride of ownership investment Low Competition: No direct coffee competition in the area and the only Starbucks serving the city of London, KY. Additionally, this is the only Starbucks within a 50-mile radius, which is rare for the concept Global Brand Recognition: Starbucks has over 28,500 locations worldwide, a $2.88 billion net worth and saw revenues of over $24.72 billion in 2018 LOCATION HIGHLIGHTS: Ideal Synergies: In addition to the impressive retail synergy, this location directly benefits from its immediate placement in front of three national hotel brands including: Country Inn & Suites, Baymont by Wyndham, & Holiday Inn & Suites Dominant Trade Area: Subject property is located on London’s busiest retail corridor, down the street from the Walmart Supercenter, Tractor Supply, Lowe’s, & Kroger, which allow this asset to hold strong intrinsic value as part of the dominant retail trade area High Traffic Counts: Combined Traffic Counts of over ±80,000 VPD. Starbucks is located on the premier traffic corridor in London, with direct frontage off W Highway 192 (±25k VPD) & I-75 (±55k VPD) Ideal Intersate Access: Starbucks is strategically located directly off I-75, which is not only a highly trafficked freeway providing access across Kentucky, but it is a major cross-country, north-south route that passes through six different states & is one of the longests in the U.S Intrinsic Real Estate Fundamentals: In addition to the site’s prime placement off the I-75 exit, increased traffic is provided from being across from Saint Joseph Hospital, which is the largest hospital in the region
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PROPERTY TAXES
Parcel Number | 062-50-00-030.01 | Improvements Assessment | $600,000 |
Land Assessment | $800,000 | Total Assessment | $1,400,000 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 17401789
Date on Market: 10/8/2019
Last Updated:
Address: 2021 Highway 192 W, London, KY 40741
The Retail Property at 2021 Highway 192 W, London, KY 40741 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.