Starbucks | Blue Springs, MO | 3101 S 7 Hwy
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Starbucks | Blue Springs, MO 3101 S 7 Hwy
2,312 SF Retail Building Blue Springs, MO 64014 $2,640,000 ($1,142/SF) 6.15% Cap Rate
Investment Highlights
- New Construction Starbucks Drive-Thru; Long-Term Corporate Lease: Rare 12-year corporate lease (NASDAQ: SBUX; S&P: BBB+) with fixed rental increases
- Affluent, High-Growth Demographics: AHHIs over $109,000 within a 5-mile radius; 336% population growth within 3-miles from 2010 to 2020
- Highly Desirable Suburb of the Kansas City: “Heart of America”: W/in a 3 hour flight, one can be in any of the 50 major cities in the lower 48 states
- Great Highway Exposure Along State Route 7 (29,000 Cars Per Day), Blue Springs’ Primary Retail Corridor
- Blue Springs is Surrounded by Some of the Most Desirable Lake Comm in the Midwest & Residents in These Comm Use Highway 7 for Their Daily Retail Needs
- Kansas City added the second highest percentage of tech jobs anywhere in the U.S. in 2022, behind only Boise
Executive Summary
New 12-Year Corporate Lease | Affluent High-Growth Kansas City Suburb; $108,000 AHHI
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,312 SF
Building Class
B
Year Built
2024
Price
$2,640,000
Price Per SF
$1,142
Cap Rate
6.15%
NOI
$162,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.59 AC
Amenities
- Drive Thru
1 of 4
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Starbucks | Blue Springs, MO | 3101 S 7 Hwy
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