Starbucks DT in Johnson City TN (Brand New) 3027 Peoples St

BROKER OF RECORD - OJAS PARTNERS - 264792
Faris Lee Investments is pleased to present the rare opportunity to acquire fee simple interest (land & building) in a brand-new, drive-thru equipped, 1.26-acre, freestanding Starbucks property located in the pro-business state of Tennessee. Johnson City TN is a highly coveted / high-barrier-to-enter market with impressive retailer traffic and population growth. The subject property strategically services one of Johnson City’s primary corridors, Franklin Road (38,000 VPD) and sits adjacent to access points for the Interstate 26 freeway (44,000 VPD). Starbucks signed a 10+ year lease with 10% rental increases occurring every 5 years of lease term. Starbucks does not have the right to terminate the lease early, which adds security and stability for an investor. Additionally, this location is proximate to many national retailers including: Sam’s Club, Walmart Supercenter, Home Depot, Hobby Lobby, Lowe’s, At Home, and more. This brand new Starbucks property is the ideal investment opportunity for a passive investor looking for a drive-thru QSR property with a premier, investment-grade tenant(BBB+) and excellent real estate fundamentals.
Starbucks (NASDAQ: SBUX) is a QSR tenant highly desired by investors and property owners across the globe. With more than 38,000 locations in the world and a $82 Billion dollar market cap, they are the dominant brand in coffee and quick service restaurants. The company reported an impressive 11% increase in revenue during their most recent fiscal year ($35.97 Billion). Starbucks was founded in 1971, near the Pike Place Market in Seattle WA. Today, Starbucks has pioneered the drive-thru coffee concept, and created a neighborhood-gathering place with quality service, inviting atmosphere, and exceptional food & beverage selections.