For Sale
Starbucks | Dubuque, IA
Asking Price: $2,680,000
| Cap Rate: 5.85%
- Net Operating Income: $156,992
- Weighted Avg. Lease Term (WALT): 10 Years
- Lease Type: Net
Property Highlights
- Brand new, state-of-the-art construction with a double drive-thru
- Corporate guarantee from investment-grade tenant; Starbucks (S&P: BBB+) generated more than $32B in revenue in 2022
- New 10-year lease with 7.5% rent increases in option periods
- Located within a dense retail corridor; Outlot to a Hy-Vee anchored power center (Ranked #7 Nationwide & #2 in Iowa, according to Placer.ia)
