PRICE REDUCED TO $1,672,000 FROM $1,806,000!

Close Converse is pleased to offer for sale a freestanding, single-tenant Starbucks located in Brainerd, MN. The building was completed in 2021 with a ten-year net lease with 10% rental increases every five years with no early termination clause. The lease provides four, five-year renewal options. This is a rare opportunity to purchase a recently constructed Starbucks for less than $2 million. Centrally located in the Brainerd Lakes Area which is one of the fastest growing regions in Minnesota. This is a great opportunity to acquire a net lease property in the beautiful Brainerd Lakes Area that is backed by Starbucks Corporation (“S&P: BBB+”), the largest specialty coffee retailer in the world with over 34,000 locations throughout 75 countries.

• Purchase Price: $1,672,000.00
• Building Size Total (Sq. Ft): 2,100
• Building Size Main (Sq. Ft): 2,100
• Lot Size (Sq. Ft): 24,780
• Lot Size (Acres): 0.56
• Lot Dimensions: 177' x 140'
• Road Frontage: 177' on Washington Street NE and 140' on 3rd Ave NE
• Original Price: $1,806,000.00
• Price Note: PRICE REDUCED TO $1,672,000 FROM $1,806,000!
• Terms of lease: See "Lease Summary" in Property Brochure for additional details.
• Property Tax Year: 2023
• Annual Property Tax: $5,962.00
• Cap Rate: 5.4%
• Business Name: Starbucks
• Type of Business: Coffee House
• Business Website: www.Starbucks.com
• Year Established: 2021
• Water: City
• Sewer: City
• Year Built: 2020
• Parking Spaces: 24 Paved Parking Spaces
• Neighboring Businesses: Nearby businesses include Jimmy John’s, Taco John’s, HD Auto Repair, Super America, The Skillet, CC’s Bar, Kevin Matthews Pottery, TJ Specialty Construction, Wayne’s Barber Shop, Lakes Area Flooring, Sakura Express, 5 Rocks Distillery, Mr. Tire, Midway Auto, McDonalds, Dairy Queen plus numerous others.
• Traffic Counts: 24,989 (2021) on Washington Street (Hwy 210)
• MLS #: 6350672
• CC File #: 1698
• Zoning: CC - Commercial Corridor
• PID#: 41191839
• Legal Description: Lots 1 thru 3 Block 3 & also includes E 27 ft of Lot 4 Block 3, East Brainerd