Description
Corporate Starbucks in Meridan, ID. Located within Eagle Island Marketplace, an outparcel to one of the top 3 visited Fred Meyer grocery stores in the state of Idaho. Well positioned for continued sales growth. Nearby retailers include McDonalds, Winco, Taco Bell, O'Reilly and Chase Bank. Starbucks executed a 10 year corporate lease and opened this new construction store in early 2020 right in the middle of Covid. Due to the strength of this tenant, and the fact that this property lies within a leading anchored shopping center, there was no doubt the store would be a success. There are approximately 5 years remaining on the original NNN lease term with four 5-year options to extend. The lease does not contain an 'early termination' clause. The rent increases 10% every 5 years. Starbucks store is tastefully designed, has an efficient drive through, with over 160 feet of frontage along highly traveled W Chinden Blvd.
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0BEDS
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0.84ACRES
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01/2 BATHS
School Ratings & Info
Description
Corporate Starbucks in Meridan, ID. Located within Eagle Island Marketplace, an outparcel to one of the top 3 visited Fred Meyer grocery stores in the state of Idaho. Well positioned for continued sales growth. Nearby retailers include McDonalds, Winco, Taco Bell, O'Reilly and Chase Bank. Starbucks executed a 10 year corporate lease and opened this new construction store in early 2020 right in the middle of Covid. Due to the strength of this tenant, and the fact that this property lies within a leading anchored shopping center, there was no doubt the store would be a success. There are approximately 5 years remaining on the original NNN lease term with four 5-year options to extend. The lease does not contain an 'early termination' clause. The rent increases 10% every 5 years. Starbucks store is tastefully designed, has an efficient drive through, with over 160 feet of frontage along highly traveled W Chinden Blvd.
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