Starbucks – 15750 88th St NE Otsego, MN 55330

NEW CONSTRUCTION DRIVE-THRU STARBUCKS WITH 10 YEAR NNN LEASE

• Starbucks signed a 10 year net lease, which does not include a termination option and leaves minimal responsibilities for the Landlord
• The lease includes four options and built-in rent escalations every 5 years
• The building is brand new construction with high quality materials and distinct design elements

MAJOR TRAFFIC DRIVERS AND NEW DEVELOPMENT

• The property is situated directly adjacent to a Target and a newly developed Coborn’s Grocery
• The immediate area is also experiencing rapid development with Parkview Grand Apartments and Parrish Meadows Townhomes being completed in the last two years

AFFLUENT DEMOGRAPHICS WITH STEADY POPULATION GROWTH

1. Within a three-mile radius, the average household income is over $106,000
2. Within the same radius and within the greater Otsego area, there has been steady population growth over the last five years

CORPORATE LEASE WITH CREDIT TENANT

• The lease is directly with Starbucks Corporation
• Starbucks is publicly traded and boasts an investment grade credit rating
• With over 31,000 locations worldwide and over $32 billion in revenue in 2022, Starbucks is considered the gold-standard for coffee tenants

HIGHLY VISIBLE AND SITUATED NEAR MAJOR ROADWAY

• The property is highly visible from both Parrish Ave (9,500+ VPD) and County Rd 39 (14,800+ VPD)
• The property benefits from being less than half a mile from MN-101, an arterial roadway that carries 52,000 VPD

TWIN CITIES METROPOLITAN SUPPORT

• The property is located just 30 minutes from downtown Minneapolis, the central hub for the Minneapolis-Saint Paul metro
• The property is located just 30 minutes from downtown Minneapolis, the central hub for the Minneapolis-Saint Paul metro