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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

Property Type
Retail
Property Subtype
Freestanding
Building Size
1,750 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.61 AC
Zoning
C-2 - General Business District
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
290 FT on W Highway 192

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
062-50-00-030.01
Land Assessment
$800,000
Improvements Assessment
$600,000
Total Assessment
$1,400,000
  • Listing ID: 17401789

  • Date on Market: 10/8/2019

  • Last Updated:

  • Address: 2021 Highway 192 W, London, KY 40741

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