STARBUCKS - GROUND LEASE, 24-HOUR STORE

10683 Sudley Manor Drive
WASHINGTON DC METRO AREA
INVESTMENT SUMMARY

 
Offering Price:     $2,786,667
Initial Lease Term:     20 Years (approx. 14 Years Remaining)
Ownership: Fee Simple Ground Lease
Increases: 10% every five (5) years; next increase in 2019
 

INVESTMENT HIGHLIGHTS
 
  • A highly visible, free-standing "out parcel" location, with offering benefits from a top tier line up of tenants immediately surrounding the property including Costco, Walgreens, Chick-fil-a, PNC Bank, Panda Express, Dicks Sporting Goods, Ross, Michaels, Dollar Tree, Shoppers Food, Best Buy, AC Moore, AutoZone, Burlington Coat Factory, Taco Bell, Chili’s Grill and Bar and others
 
  • Starbucks is on a long-term, twenty (20) year ground lease (approximately 14 years remaining on its initial term) with four (4) five (5) year options to renew

 

  • Lease provides for a Fair Market Value adjustment at the beginning of the first option period with an adjustment "floor" but no "ceiling," offering an investor substantial upside and a strong hedge against inflation

 

  • Starbucks elected to make this a 24 hour store shortly after opening, demonstrating the strong performance of this location
 
  • Starbucks has embedded rental increases of 10% every five (5) years – the next rental increase is in 2019

  

  • Only 20-year Starbucks ground lease for sale in the greater Washington D.C. trade area
   
 
    

FOR MORE
INFORMATION
PLEASE CONTACT:


Arthur R. Flores
CA Lic. #01423821
+1 949 725 8625
arthur.flores@cbre.com 		 R. William Kent
VA Lic. #0225156173
+1 202 585 5592
bill.kent@cbre.com  		 Ryan Sciullo
VA Lic. #0225214468
+1 202 585 5738
ryan.sciullo@cbre.com
toward a greener tommorrow
 
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