Starbucks – Lockport, NY

Starbucks
5789 S Transit Rd, Lockport, NY 14094, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,480 SF Starbucks NNN Asset located at 5789 S Transit Road in Lockport, NY. The property is leased directly to Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+), which recently executed a new 10-year Triple Net (NNN) Lease commencing in September, 2025. Featuring a purpose-built prototype with a drive-thru, this asset offers investors long-term, passive income backed by the world’s largest coffeehouse chain with more than 40,000 locations worldwide and no franchisee credit risk.

  • Investment-Grade Corporate Covenant, 10-Year New Construction Lease: Starbucks Corporation (NASDAQ: SBUX; S&P: BBB+) signed a new 10-year Triple Net (NNN) Lease commencing September, 2025, on a purpose-built, drive-thru-equipped prototype. No franchisee credit risk – the world’s largest coffeehouse chain, with 40,000+ locations worldwide, is the direct obligor.
  • Dominant Retail Corridor | Lockport’s Highest-Traffic Commercial Strip: Positioned on South Transit Road, Lockport’s primary retail corridor, with over 27,000 vehicles per day, and home to Walmart Supercenter, The Home Depot, TJ Maxx, ALDI, Five Below, PetSmart, Harbor Freight, Tops Friendly Markets, Panera Bread, and OfficeMax. This is the undisputed commercial spine of the greater Lockport trade area, the kind of corridor that generates daily, habitual traffic flow that Starbucks drive-thrus depend on.
  • Outparcel to Tops Plaza | Pad Site Visibility With Institutional-Scale Co Tenancy: The building occupies a pad site outparcel to Tops Plaza, a Tops Friendly Markets-anchored shopping center. The outparcel configuration delivers standalone drive-thru access and visibility independent of the main center, while benefiting directly from the grocery anchor’s daily consumer draw.
  • New Construction, 2025 Delivery | Zero Deferred Maintenance, Prototype Build: Delivered in 2025 as a build-to-suit ground-up development. Buyers inherit a brand-new building with 163 feet of Transit Road frontage, a dedicated drive-thru lane, and a full Starbucks prototype spec, with no capital expenditure concerns for the foreseeable future.
  • 10% Rent Bumps Every 5 Years Through All Extension Terms: Fixed step up escalations of 10% at each 5-year interval apply not just through the 10-year initial term but through all 4, 5-year extension options, delivering reliable NOI growth to a maximum 30-year term with no CPI exposure or flat-rent risk.
  • Wealthy, Captive Trade Area | $93K Average Household Income: Over 45,000 residents within a 5-mile radius earning an average household income exceeding $93,000, a demographic profile well above national QSR norms, supporting Starbucks’ premium price-point business model. Daily traffic generators include the new Lockport Memorial Hospital and Lockport High School (1,400 students enrolled), both within close proximity.
  • Buffalo MSA | Stable, Undersupplied Single-Tenant Market: Lockport sits within the Buffalo-Cheektowaga MSA, a market characterized by stable occupancy fundamentals and limited new net lease inventory at the corridor level. South Transit Road’s concentration of national tenants reflects sustained investor and retailer confidence in the submarket, with few comparable drive-thru net lease opportunities trading in this immediate trade area.

In Cooperation With SIG RE Services NY LLC – Lic. #10991233211 BoR: Andrew Ackerman – Lic. NY #10491210161

Starbucks
5789 S Transit Rd, Lockport, NY 14094, USA

Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 40,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. In everything we do, we are always dedicated to Our Mission: With every cup, with every conversation, with every community, we nurture the limitless possibilities of human connection.

Price

$2,481,481

Cap Rate

6.75%

PREMISES

2,480 SF

YEAR BUILT

2025

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

02/29/2036

Lease Type

NNN

RENTAL INCREASES

10% Every 5 Years

BROKERS

Tyler McGarry
Los Angeles
Adam Scherr
Los Angeles

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