Starbucks
Single-Tenant Offerings
Starbucks
269 E. Commerce Street
Hernando, MS
- Price:
- $2,138,000
- Cap Rate:
- 5.80%
- NOI:
- $124,000
- Rentable SQFT:
- 2,225 SF
- Year Built:
- 2023
- Lot Size:
- 0.715 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- 10-Year Lease with 10% Increases Every 5 Years, No Early Termination Clause
- Investment Grade Credit Tenant (Rated BBB+ by S&P), Ranked #125 on Fortune 500
- Brand New High-Quality Construction with a Drive-Thru
- Serving Over 188,000 Residents in DeSoto County, the Fastest Growing County in Mississippi
- 20% Population Growth Over the Last 10 Years in DeSoto County
- Affluent Trade Area, Average Household Income Exceeds $92,000 within 3 and 5 Miles
- Strategic Location, Closest Freestanding Starbucks with a Drive-Thru is Over 8.5 Miles Away
- Excellent Access and Visibility Along Major Artery with 25,000 Cars/Day, Just Off I-55 with 68,000 Cars/Day
- Across from High-Volume Kroger Marketplace Anchored Center and Down the Street from Walmart Supercenter
- Close Proximity to New $300 Million AWG Automated Distribution Hub
- Centrally Located Between Several K-12 Schools and Universities with Approximately 32,000 Students Combined
- Just Northeast of Arkabutla Lake with 2+ Million Visitors Annually
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