- The site features brand new 2026 construction and the lease is signed by Starbucks Corporation (S&P: BBB+)
- The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease features 10% increases every 5 years and at beginning of each option period, providing an investor with a hedge against inflation
- Starbucks has more than 40,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world
Investment Offering
Reno, NV - Starbucks
329 Booth Street | Reno, NV 89509
$3,440,000
Price5%
Cap Rate$172,000
NOI2026
Year Built100%
Occupancy1,662
± SF Offering GLA0.47
± AC Land AreaDescription
Location
- The asset is located at the signalized, hard corner intersection of Keystone Avenue and Booth Street which supports more than 27,000 vehicles daily
- The site benefits from nearby access to Interstate 80 (111,000 VPD) and Highway 647 (10,800 VPD), making this an ideal centralized location
- The site is within close proximity to multiple national/credit tenants including Save Mart, CVS, Ace Hardware, In-N-Out, Anytime Fitness, and more
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]NV #: B.1003241.LP