2541 Grand Ave
Carthage, MO 64836

SHOP Companies is pleased to present to qualified investors the opportunity to purchase a newly constructed, net-leased Starbucks in Carthage, Missouri (Joplin MSA). This property features a rare, 12-year primary lease term with a 10% rental escalation in Year 6, and 7.5% increases in each of the Four, 5-Year Option Periods. The lease includes no early termination option.
This new 2,480 SF building is prominently situated on a spacious 1+ acre parcel adjacent to a Walmart Supercenter (2.3 million annual visits) and Aldi (198,000 annual visits). Located within the city’s main retail corridor, the property is surrounded by high-profile national tenants such as Walmart, Lowe’s, Taco Bell, KFC, Aldi, Walgreens, and more. Upon opening, it will be the only Starbucks in the city and the sole location within a 20+ minute drive.
Situated within the Joplin MSA, Carthage draws a diverse regional customer base. The property benefits from shared access with Forest Park Church, a satellite campus whose main hub is in Joplin, drawing significant Sunday traffic for weekly services. The property is just three minutes away from Carthage High School (1,610 students), and directly across the street from the Family YMCA, which has over 4,000 members. Nearby, the Fair Acres Sports Complex also contributes to the steady influx of visitors from both Carthage and neighboring communities.
As the world's largest coffee retailer, Starbucks now operates over 40,000 locations across 85 countries. Notably, as of August 2024, Starbucks stock rose 24.5%, and Chipotle shares fell 7.5% after Chipotle CEO Brian Niccol accepted the role of Starbucks CEO, effective September 9 (as reported by CNBC).
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