2916 Eaglecrest DrEmporia, KS 66801

For Sale
$1,202,667

High-yield Starbucks NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This Emporia, Kansas, Starbucks presents a compelling investment opportunity. A newly renovated, 1,600 square foot building sits on a 0.68-acre lot, boasting a 10-year net lease with a credit-rated corporate guarantor, Starbucks Corporation. The lease commenced July 1, 2024, and includes four, five-year renewal options. Located in a high-traffic area with convenient interstate access, this property offers below-market rent and a strong 6.00% cap rate. Built in 2004 and renovated in 2024, this Class A property enjoys 100% occupancy and is the only standalone Starbucks within a 70-mile radius. The property is situated amongst other national retailers, ensuring high visibility and consistent customer traffic. This fee-simple ownership offers a secure, long-term investment with significant upside potential.

Highlights

  • $1,202,667 asking price for a fee-simple, Class A, 1,600 square foot retail property.
  • Net lease with a credit-rated Starbucks tenant (corporate guarantee).
  • 10-year lease (commencing July 1, 2024) with four, 5-year renewal options; 9.6 years remaining.
  • 6.00% cap rate with 100% occupancy.
  • Property located at 2916 Eaglecrest Dr, Emporia, KS 66801, on a 0.68-acre lot, built in 2004 and renovated in 2024.
  • Located in Emporia's main retail corridor with convenient Interstate 35 access; only standalone Starbucks within a 70-mile radius.

Property Details for 2916 Eaglecrest Dr

Property type
Other retail properties, Individual retail properties
Square Feet
1,600 SF
Class
A
Year Built/Renovated
2004/2024
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Emporia
County
Lyon
State
Kansas
Latitude
38.422093936653
Longitude
-96.218483280964
2916 Eaglecrest Dr, Emporia, Kansas

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2916 Eaglecrest Dr
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