6.83% CAP - Starbucks - Moe's

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30540579
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant
Status: Pending
Building Size (RSF): 4,245 SF
Gross Building Area: See Agent
Gross Land Area: 0.75 Acres
Sale Price: $2,339,466
Unit Price: $551.11 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 6.83%
Last Updated: 3/19/2020

Overview / Comments

STARBUCKS - Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington, United States. Starbucks is the largest coffeehouse company in the world, with over 19,000 stores globally, including around 13,000 in the United States, followed by nearly 1,000 in Canada and more than 900 in Japan. Starbucks sells drip brewed coffee, espresso-based hot drinks, other hot and cold drinks, snacks, and items such as mugs and coffee beans. Through the Starbucks Entertainment division and Hear Music brand, the company also markets books, music, and film. Many of the company’s products are seasonal or specific to the locality of the store. Starbucks-brand ice cream and coffee are also offered at grocery stores. Starbucks retail stores are located in high-traffic, high-visibility locations. Its stores are located in or near a variety of settings, including downtown and suburban retail centers, office buildings and
university campuses. Moe's Southwest Grille - Founded in December 2000 in Atlanta, GA, Moe’s Southwest Grill® is a fun and engaging fast-casual restaurant franchise serving a wide variety of fresh, made-to-order Southwest fare in a welcoming environment that rocks. Moe’s currently serves the most awesome Southwest fare at more than 600 locations in the United States and abroad. In August 2007, Moe’s Southwest Grill joined FOCUS Brands Inc. Atlanta-based FOCUS Brands Inc. is the franchisor and operator of over 4,300 Carvel® Ice Cream, Cinnabon® Bakery, Schlotzsky’s® Deli, Moe’s Southwest Grill®, Auntie Anne’s® Pretzels and McAlister’s® Deli locations, as well as the franchisor of Seattle’s Best Coffee® on certain military bases and in certain international markets This Moe's Franchisee is a strong operator with 5 Locations in the Southeast. They have been in business since 2005 with strong sales numbers in the Mobile location.

Current Tenants

Tenant Business Name Starbucks
Tenant Business Name Moe's Southwest Grill

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022706244000013.001.
Zoning: COM
Retail Clientele: General, Business, Traveler
Traffic/Vehicle Count: 56,000
Airports: Mobile Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,817 50,710 120,380
Median Age: 34.55 35.17 37.33
Households: 1,206 20,494 47,954

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