Starbucks Mankato | 895 Madison Ave
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Starbucks Mankato 895 Madison Ave
2,020 SF 4-Star Retail Building Mankato, MN 56001 $2,991,000 ($1,481/SF) 5.85% Cap Rate
Investment Highlights
- The property is a newly constructed (2024) Starbucks with Drive-Thru. The fresh 10 year lease has rent increases every five years.
- The site is adjacent to a newly opened $155 million hospital expansion from Mayo Clinic Health System.
- College Town – Mankato is home to Minnesota State University which has enrollment of over 14,000 students.
- The property is located on a signalized intersection of Madison Avenue the premiere retail corridor in Mankato, MN.
- The Madison Avenue retail corridor features numerous national retailers including CVS, Aldi, Walmart, Cub Foods, Sams Club, T.J. Maxx and many more.
- Starbucks has an S&P Investment Grade Credit rating of “BBB+” and is ranked #116 on the Fortune 500 List with an Annual Revenue over $36 Billion.
Executive Summary
CBRE is pleased to offer the opportunity to acquire the fee simple interest in this newly constructed single tenant Starbuck’s asset located in Mankato, MN. The property is 100% leased to Starbuck’s Corporation (S&P BBB+) on a brand new 10-year lease with rent increases every five years including the four 5-year option periods. The property is well positioned on a signalized corner of Madison Avenue which is the dominant retail corridor in the Mankato, MN submarket. The site is adjacent to the Mayo Clinic hospital that just went through a $155 Million dollar hospital expansion. Starbucks is the world’s largest specialty coffee retailer with over 38,000 stores in 80 countries.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,020 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
$2,991,000
Price Per SF
$1,481
Cap Rate
5.85%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Land Acres
0.17 AC
Frontage
203 FT on Madison Avenue
Amenities
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | R01-09-17-126-005 | Improvements Assessment | $322,300 |
| Land Assessment | $66,800 | Total Assessment | $389,100 |
PROPERTY TAXES
Parcel Number
R01-09-17-126-005
Land Assessment
$66,800
Improvements Assessment
$322,300
Total Assessment
$389,100
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AJ Prins -
Sean Doyle -
CBRE
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Starbucks Mankato | 895 Madison Ave
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