March 18, 2021 – Zach Smith of Horvath & Tremblay has successfully completed the sale of Starbucks in Vicksburg, Mississippi. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $1,761,061.
Starbucks is located at 3405 Halls Ferry Road in Vicksburg, Mississippi. This is a new construction stand-alone building, which contains 2,100 square feet of leasable space, a drive-thru, and outdoor patio space on a 0.82-acre lot. Starbucks currently has 9+ years remaining on their initial 10-year term with four, 5-year renewal options remaining. The lease features a 10% rental increase in the fifth year and at the start of each option period. Starbucks enjoys outstanding visibility, frontage, and access on Halls Ferry Road, the area’s primary retail corridor. The property is surrounded by national retailers, large apartment complexes, the River Region Medical Center (321 beds) and Vicksburg High School. Additionally, Starbucks is just seconds from Interstate 20 and US Highways 80 and 61.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.