Starbucks NNN Properties
Absolute NNN · Baa1 / BBB+ credit · 4.75–6.75% cap rate · $2.0M–$4.5M
Why Investors Buy Starbucks NNN Properties
Starbucks drive-thru NNN properties are among the most sought-after single-tenant assets in commercial real estate. Backed by a Fortune 100 corporation with investment-grade credit, these properties deliver consistent passive income in high-traffic corridors with virtually no landlord responsibilities.
Lease Structure
Brand Financials
Why Investors Choose Starbucks
- Investment-grade credit from one of the world's most valuable brands
- Drive-thru locations outperform in all weather and economic conditions
- Corporate guarantee — not franchisee — from Starbucks Corporation
- Strong location selection criteria ensures long-term viability
- Brand loyalty creates recession-resistant revenue streams
- Excellent 1031 exchange vehicle with strong secondary buyer market
Key Risks to Underwrite
- 10-year leases are shorter than other NNN categories
- High traffic locations come at premium pricing
- Competition from Dutch Bros and other coffee QSRs growing
Ideal Investor Profile
- Investors seeking corporate-guaranteed passive income
- 1031 exchange buyers with $2M–$4.5M relinquished property equity
- Investors who want brand-name recognition in their portfolio
Is Starbucks Right for Your 1031 Exchange?
Starbucks NNN properties are a popular 1031 exchange destination for investors who want to eliminate active management while preserving their equity in a investment-grade corporate-guaranteed asset. With typical prices of $2.0M–$4.5M, these properties fit a wide range of exchange equity positions. The Absolute NNN structure means your 1031 replacement property comes with zero landlord obligations — ideal for investors who have sold multifamily, commercial, or other management-intensive assets and want truly passive income.
Compare Other NNN Tenants
Access Off-Market Starbucks Properties
We maintain an exclusive inventory of Starbucks NNN properties — many of which never appear on LoopNet or CoStar. Contact us to see what's available before it trades.