STARBUCKS

Top Performing Location – According to Placer.ai, this Starbucks location is ranked in the top 90th percentile in the USA, and top 95th percentile in Iowa.
Low Rent and Price Point – Of the 190 single-tenant Starbucks on the market for sale during the time this Offering Memorandum was created, this Starbucks is paying the lowest rent. This benefits the investor as Starbucks’ operating expenses are low, and increases the likelihood of long-term tenancy at the location.
Premier National Tenant – Starbucks Corporation operates over 40,000 retail stores across 77 countries, and is the largest coffee chain in the United States. Starbucks has investment grade credit (rated BBB+ by S&P), offering an investor security behind the backing of the lease.
Excellent Demographics and Trade Area – There are over 195,000 people in a 5-mile radius and average household income exceeds $100,000. Merle Hay Mall is centrally located in an affluent area of Des Moines, and is home to Target, Ross, Old Navy, Bath & Body Works and ULTA to name a few. The Starbucks is ideally positioned at the entrance to the mall.

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