Starbucks is a great example of a triple net property in which the tenant is responsible for the taxes, insurance, and maintenance. For some real estate investors, this is the dream come true. This gives the landlord freedom to focus on other things than the day-to-day management of the real estate. A lot of Oregon multifamily owners are 1031 exchanging into these types of properties for a more landlord-friendly type of property.
A recent article on Loopnet looks at the opportunities with Starbucks properties:
It’s no secret that a lot of people love Starbucks coffee. But many investors find the Seattle-based chain’s real estate just as tasty, especially newly built standalone locations.
With a net lease, the tenant pays for most of the property’s operating expenses. For their part, landlords get monthly rent.
Through the first half of the year, the Boulder Group’s report noted that private investors made up 80% of the buyers for quick-service restaurant real estate.
Read Full Article »
As much as many people love Starbucks coffee, real estate investors are eager to invest in their standalone properties. Consider what writer Richard Lawson had to say on LoopNet:
Starbucks real estate sits among the top performers in sales volume for new construction in the quick-service restaurant sector, according to the Wilmette, Illinois-based Boulder Group’s latest report on this net-lease sector.
The article shares a number of current opportunities for Starbucks properties. My goal as a commercial real estate investment broker is to help you understand the developments in commercial real estate Eugene and how to make the most of them as an investor. Call or email me today if you would like more details. 541-912-6583