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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
Fast Food
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
  • Listing ID: 32273441

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 3101 S 7 Hwy, Blue Springs, MO 64014

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