Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2021
Building Area Gross
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire a condominium interest in a brand new Starbucks (the "Property") located in the suburban Philadelphia regional market of Fort Washington, PA. Starbucks is opened its store in September 2021, in their new store prototype, which will feature a drive-thru lane and outdoor seating area. The investment grade tenant (BBB+; S&P) will be operating on a 10-year lease with rental increases throughout the primary term and option periods.

Starbucks is conveniently situated within proximity to major demand drivers in the area including the Fort Washington Office Park, Temple Health, Toll Brothers corporate headquarters, and others which contribute to a daytime population north of 223,000 people within a 5-mile radius. Further, this Starbucks location is 4 miles away (10 minutes) from the next closest Starbucks with a drive-thru, which will naturally drive traffic from the 173,000+ vehicles that pass the premises each day via Interstate 276, Route 309 and Pennsylvania Avenue.

Investment highlights

Brand New Store Prototype Built for the Future

  • The investment grade (BBB+; S&P) tenant, which is celebrating its 50th anniversary, continues to establish itself in every market of the world in preparation for the inevitable “post-coronavirus world.” Starbucks is in the middle of rapid growth and implementation of more customer-friendly operations that will continue to boost sales and limit unnecessary person-to-person contact. The subject property will feature a drive-thru and outdoor seating area; both of which were key business drivers identified by Starbucks in its site selection process due to their ability to handle a larger population base and immediate traffic flow from the neighboring Holiday Inn.

Ideal Regional Market Location

  • Conveniently Situated Within Proximity to Philadelphia and King of Prussia

Immediate Connectivity to Greater Philadelphia

  • Starbucks is steps away from Fort Washington train station (SEPTA)

Tremendous Surrounding Daytime Population

  • Highlighted by Employers such as Toll Brothers, Life Time Fitness & Audi
  • The Fort Washington Office Park serves as Upper Dublin Township’s center of commerce and is a vital economic engine that benefits the school district, township and region.


Last Updated Date: 04 May 2022

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Last Updated Date: 04 May 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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