Contact Jennifer

Jennifer Stickler Jennifer@mountainluxury.com 801.430.0073 Principal Broker

Description

Brand-new Starbucks flagship property in a premier Utah corridor, offering a NN+ investment with one of the world's most recognized brands. Completed in 2024, this first-of-its-kind drive-thru concept is positioned at a high-visibility, high-traffic I-15 / I-84 interchange, delivering unparalleled access for commuters and travelers alike. The asset features a 10-year initial term with four 5-year renewal options extending through 2055, coupled with a 60% total rent increase across the term and built-in rent growth to hedge against inflation. The investment is secured by Starbucks corporate with a proven 50+ year operating history, ensuring stable current income and substantial appreciation potential as cap rate expands from 5.50% to 8.86% over the lease term. Co-located with McDonald's, this premier quick-service restaurant (QSR) asset offers portfolio diversification and a truly passive, institutional-quality opportunity backed by a global brand leader. Ownership is fee simple, granting full control of a premium corner location and immediate scale within a growing market. With exceptional visibility, access, and a premium corner site, this Starbucks property is designed to deliver durable income, inflation protection, and significant long-term upside. Seller is willing to consider trade opportunities.