Property Name

Starbucks - Kansas City, KS

Property Description

SHOP Companies is pleased to offer for sale to qualified investors the opportunity to purchase a newly retrofitted, net leased Starbucks located in Kansas City, Kansas (“the Property”). Starbucks is the largest coffee retailer in the world, with over 33,000 locations in 83 countries. Starbucks reported a $29 billion revenue increase in 2021, 24% over 2020. The Property consists of a 2,700 SF building on a 0.91-acre parcel. Starbucks has signed a new 10-year lease that includes four, 5-year renewal options and 6.50% rental escalations every five years.

The Property is located in Kansas City, Kansas, a short 15-minute drive from downtown Kansas City and just west of Kansas City Kansas Community College, a public two-year community college serving approximately 9,000 students. The Property is positioned at the signalized hard corner of State Avenue (15,231 VPD-20), and the entrance to Wyandotte Plaza, a 188,000 SF grocery-anchored community center anchored by Price Chopper and is home to PetSmart, Marshalls, Five Below, and Dollar Tree among other national brands. Price Chopper was founded and is headquartered locally and today operates 55 stores across Kansas, Missouri, and Iowa. These large, high-volume stores serve as the premier concept store among the Associated Wholesale Grocers family of brands and are famous for low prices, wide variety, and a focus on high-quality products.