Property Name

Starbucks - Burlington, KY

GLA 1,311 SF

Property Description

SHOP Companies is pleased to offer for sale to qualified investors the opportunity to purchase a brand-new, 10-year net leased Starbucks located in Burlington, Kentucky ("the property"). The lease includes 7.5% rental escalations every five years and in each of the four (4), five year option periods. There is no early termination option in this lease.

The property is a new 1,311 SF drive-thru-only Starbucks, reflecting the trend towards more profitable operations with lower overhead. The property is located less than a mile from the Industrial Park employee entrance of CVG Airport, which Houses Amazon Air's Mega Hub and DHL Express' Global Super Hub, contributing significantly to the local economy with a $9.3 billion annual impact. CVG serves as the 6th largest cargo airport in North America and the 12th largest in the world, according to a fall 2023 fact sheet released by CVG. Additionally, the airport has experienced a notable 15% increase in travelers in 2023, reaching approximately 8.7 million.