starbucks 677 ny-109, west babylon, ny 11704
TRANSCRIPT
STARBUCKS 677 NY-109, WEST BABYLON, NY 11704
677 NY-109, WEST BABYLON, NY 1170402
PAGE
Investment Summary
Lease Summary
Retail Aerial
Site Plan
Rent Schedule
About the Brand
Location Overview
03
04
05
07
08
09
10
joel cukierVice President(424) 343-2844
CONTACT INFORMATION
STARBUCKS
TABLE OF CONTENTS
CONTACT JOEL CUKIER03
Loan quote provided by James Capital Advisors based on market conditions at this time. Actual rates and terms will vary based on market conditions at closing.
3.65%Rate
30 YearAmortization
Debt Quote
Brad KrausSenior Director, Head of Capital Markets(424) [email protected]
LTV<70%Loan quote provided by James Capital
Advisors based on market conditions at this time. Actual rates and terms will vary based on market conditions at closing. Please Contact:
Debt Quote
Brad KrausSenior Director, Head of Capital Markets(424) [email protected]
$
$
Tenant
Street Address
City
State
Zip
GLA
Lot Size
Year Built
Starbucks
677 NY-109
West Babylon
NY
11704
0.75 AC
2019
New Build to Suit Starbucks with High Quality Construction - The offering is a 2019 construction Starbucks operating on a 10 year NNN lease with for 4x5 year options. The lease does not contain any Early Termination Clause, giving the investor firm and dependable income for the duration of the lease.
Corporate Guarantee from Investment Grade Credit Tenant - Starbucks (SBUX) is the world’s leading coffee retailer with annual revenue of more than $22 billion and an “investment grade” credit rating (S&P: BBB+), providing an investor with superior financial security.
Excellent Site Visibility at Signalized Intersection on Turnpike - The subject property is located on the New York State Route 109, also known as the Babylon–Farmingdale Turnpike, which is a four-lane state highway on Long Island, NY and runs from Farmingdale town of Oyster Bay in Nassau County to the village of Babylon in Suffolk County.
Excellent Hedge Against Inflation - The lease features 10% increases every 5 years throughout the base term and all option periods, providing an investor with an excellent hedge against inflation and outstanding rent growth.
Minimal Landlord Responsibilities - The tenant is responsible to maintain and pay for taxes, insurance and CAM on the property. The Landlord is responsible for roof/structure and the structure of parking lot, however the tenant is responsible to reimburse the landlord for any costs associated to the parking lot making this a truly passive investment with a core A+ tenant.
4.10%
INVESTMENT SUMMARYSTARBUCKS
1,921 SF
$3,536,585List Price
Cap Rate
$145,000NOI
%
CONTACT JOEL CUKIER04
Lease Type
Type of Ownership
Original Lease Term
Commencement Date
Lease Expiration
Term Remaining
Increases
Options
Triple-Net (NNN)
Fee Simple
10 Years
8.5+ Years
10% Every 5 Years
Four (4), 5-Year
Real Estate Taxes
Insurance
Roof & Structure
Lease Guarantor
Company Name
Ownership
Years in Business
Number of Locations
Tenant Responsible
Tenant Responsible
Landlord Responsible
Corporate
Starbucks
Public
Strong Combined Traffic Counts 50,000+ VPD - The site benefits for the heavy traffic counts at the signalized intersection of Babylon–Farmingdale Turnpike and Straight Path with combined traffic counts of over 50,000 vehicles per day.
Located on Morningside Traffic - Starbucks is located on the North West direction of the Babylon–Farmingdale Turnpike which gets all the morning traffic with people heading to work in Manhattan, an extremely important factor for a stores success.
Large Parcel with Full Drive-Thru - The property consists of a .75 acre parcel with a full drive-thru Drive-thru’s are extremely difficult to get approved on Long Island due to the traffic it can create, however once approved it is grandfathered in to the property, a huge value to an investor.
Ample Parking Spaces - The site contains 34 large Parking Spaces for added customer convenience to park on the property.
Close Proximity to Republic Airport, Long Island’s Executive Airport - Starbucks is located less than 3 miles from Republic Airport, which is Long Island’s Executive Airport and a dedicated Business-Oriented Airport for private charter etc.
Lease summarySTARBUCKS
09/13/2019
02/28/2030
49
28,218
677 NY-109, WEST BABYLON, NY 1170405
RETAIL AERIALSTARBUCKS
677 NY-109, WEST BABYLON, NY 1170406
STARBUCKS
RETAIL AERIAL
677 NY-109, WEST BABYLON, NY 1170407
STARBUCKS
SITE PLAN
CONTACT JOEL CUKIER08
Period Term Annual Rent Monthly Rent Increase CAP Rate
Years 1 - 5 Base Term $145,000 $12,083 - 4.10%
Years 6 - 11 Base Term $159,500 $12,292 10.00% 4.51%
Years 11 - 15 1st Option $175,450 $14,621 10.00% 4.96%
Years 16 - 20 2nd Option $192,995 $16,083 10.00% 5.46%
Years 21 - 25 3rd Option $212,295 $17,691 10.00% 6.00%
Years 26 - 30 4th Option $233,524 $19,460 10.00% 6.60%
STARBUCKS
RENT SCHEDULE
677 NY-109, WEST BABYLON, NY 1170409
Starbucks
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. As of early 2021, the company had 32,660 stores in 83 countries, including 16,637 company operated stores and 16,023 licensed stores.
BBB+Credit Rating
32,660Number of Locations
346,000Number of Employees
$26.5 BillionAnnual Revenue
Starbucks Reports Q1 2021 Results
Starbucks consolidated net revenues of $6.7 billion and opened 278 new stores.Read More >
Starbucks to Expand Digital Efforts
The company will expand contactless & digitial efforts in the next 18 months.Read More >
Starbucks Looks to Set Q2 Record
Starbucks is expected to report record second-quarter revenue of $6.8 billion.Read More >
Starbucks Sets Vision for the Future
Updates ongoing growth model signaling company is stronger than ever.Read More >
STARBUCKS
ABOUT THE BRAND
$
677 NY-109, WEST BABYLON, NY 1170410
1. Republic Airport8 Min Drive3 Miles From Subject Property
2. Bethpage State Park14 Min Drive5 Miles From Subject Property
3. Adventureland15 Min Drive5 Miles From Subject Property
4. The Argyle Theatre12 Min Drive4 Miles From Subject Property
5. The Adventure Park12 Min Drive4 Miles From Subject Property
6. Belmont Lake State Park8 Min Drive3 Miles From Subject Property
STARBUCKS
LOCATION OVERvIEW
677 NY-109, WEST BABYLON, NY 1170411
Republic Airport
Republic Airport is a general aviation public-use airport located in East Farmingdale, NY. Republic Airport provides significant transportation and economic benefits to New York State.
The Argyle Theatre
The newly renovated & historic Argyle Theatre on opened in Spring, 2018 with the musical Guys and Dolls, the first show in a full roster of musicals, concerts, comedy and other performances.
Bethpage State Park
Best known for its five world-class golf courses, including the world-renowned Black Course which was the site of the U.S. Open, the Barclays, the PGA Championship and will host the Ryder Cup.
The Adventure Park
The Adventure Park consists of a selection of different aerial trail up in the trees of a forest. Climbers navigate from one tree platform to another, crossing challenging bridges of cable wood and rope.
Adventureland
Adventureland features over 30 fun and exciting rides and attractions. Adventureland has something for everyone with a variety of thrill rides, family rides, kiddie rides, and water rides.
Belmont Lake State Park
Belmont Lake State Park is a 463-acre day-use state park, featuring boating and picnicking facilities in addition to playing fields for popular sports.
STARBUCKS
LOCATION OVERvIEW
060504
01 02 03
677 NY-109, WEST BABYLON, NY 1170412
Doing Business in Babylon
The Town of Babylon is committed to sustaining a sound environment for business to grow and prosper throughout our area. Business is the economic engine of our Town, providing revenue to our communities and creating good paying jobs for our residents. Because of these benefits, the Town recognizes the importance of maintaining cooperative relationships with local businesses through the not-for-profit Industrial Development Agency, which offers incentives to business looking to expand or relocate here.
Babylon has also embarked on several initiatives to breathe new life into downtown areas, allowing these communities to be more accessible for new business opportunities and creating a nurturing environment for commercial organizations to grow.
West Babylon
West Babylon is a high-end residential community located within the coastal town of Babylon on Long Island. The hamlet is served by the Lindenhurst Village post office and is more often than not treated as part of the Village. The hamlet is located approximately 30 miles from mid-town Manhattan.
Today, the village of West Babylon boasts of state-of-the-art infrastructure, family-friendly recreational facilities, a growing tourism industry, and a well-established hospitality industry. The hamlet is served by two major school districts and is the location of the highly-rated West Babylon High School. This has significantly contributed to the fast-growing population of young families living in the area.
West Babylon is named for its location in the western section of Babylon Town. It is also located west of the incorporated village of Babylon. It is by far one of the largest neighborhoods in Babylon Town and one of Long Island’s best-selling neighborhoods thanks to the affordable cost of living and the robust real estate industry.
STARBUCKS
LOCATION OVERVIEW
677 NY-109, WEST BABYLON, NY 1170413
POPULATION
2026 Projection
2021 Estimate
2010 Census
1-Mile 3-Mile 5-Mile
HOUSEHOLDS
2026 Projection
2021 Estimate
2010 Census
Average Income
Median Income
1-Mile 3-Mile 5-Mile
STARBUCKS
DEMOGRAPHICS
15,539
5,039
129,633
41,316
305,081
101,083
15,938
5,178
131,618
42,005
308,266
102,260
17,682
5,803
139,326
44,731
319,594
106,581
$113,140
$97,035
$114,483
$94,995
$129,395
$107,905
@jamescapitaladvisorswww.jamescapitaladvisors.com14
The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.
The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.
A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or com-parable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.
This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.
This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.
Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.
CONFIDENTIALITY
release
NON-ENDORSEMENT
JAMES CAPITAL ADVISORS, INC.
DISCLAIMER
Request More Info | Submit Offer15
LISTING AGENTS
Vice President
Joel cukier (424) 343-2844
[email protected] RE Lic. 02005095
BROKER OF RECORD
brianbrockmanBang Realty - New York Inc
(513) [email protected] RE Lic. 10311208985CORP. Lic. 10311208985
JAMES CAPITAL ADVISORS, INC.
CONTACT INFORMATION