Starbucks - Net Lease Property for Sale
Manistee, MI
Key Investment Metrics
Price
$2,219,308
Cap Rate
6.5%
Net Operating Income
$144,255
Building Size
2445 SF
Lot Size
2,445 SF
Land Area
1.56 Acres
Remaining Term
10 years
Lease Expiration
08/31/2035
Lease Term
10 years
Lease Commencement
09/01/2025
Lease Type
NN
Year Built
2025
Occupancy
100%
Tenancy
Single
About This Starbucks Net Lease Property
This Starbucks NNN (triple net lease) property is located in Manistee, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 2445 square feet of building space and was built in 2025.
With a cap rate of 6.5%, this Starbucks net lease property offers stable income potential. The asking price is $2,219,308, making it an attractive option for 1031 exchange investors seeking quality Starbucks commercial properties.
Why Invest in Starbucks NNN Properties?
- Stable Income: Starbucks net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Starbucks is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Manistee, MI Market Overview
Located in Manistee, MI, this Starbucks property benefits from strong local demographics and market fundamentals. The Manistee area offers excellent visibility and accessibility, making it an ideal location for Starbucks operations and a solid investment for net lease property buyers.