Net Lease Starbucks | KW Net Lease Advisors

Average Sale and Lease Details

www.starbucks.com

Price Range 12mo avg:	$1.3M – $6.2M
$/sf 12mo avg:	$1163
CAP Rate 12mo avg:	4.83%
NOI average:	$115000
Lease Terms:	10yrs
Typical Lease Type:	NNN
Building Size avg:	2200 SF
Lot Size avg:	1+/- acres

About Starbucks

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 65 countries. Formed in1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.“ They purchase and roast high-quality coffees they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores.

Starbucks also sell a variety of coffee and tea products and license their trademarks through other channels such as licensed stores, grocery and national foodservice accounts. In addition to their flagship Starbucks Coffee brand, Starbucks also sell goods and services under the following brands: Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos. Most stores also sell pre-packaged food items, hot and cold sandwiches, and items such as mugs and tumblers. Starbucks Evenings locations also offer beers, wines, and more.

NASDAQ: SBUX

SBUX

(%)

Annual Reports

Starbucks Financial Highlights

S&P Credit Rating:	A-
Moody’s Credit Rating:	A3
Annual Revenue 2017:	$22.39B
Annual Revenue 2016:	$21.32B

Revenue Growth:	↑ 4.90 2016
Net Income	$2.88B
Units (Oct. 2017)	27339
Average Units Volume:	$818.86K

Yahoo! Finance: SBUX News Latest Financial News for SBUX

These restaurants have filed for bankruptcy and many more are at risk

on September 22, 2020 at 4:22 pm

Restaurant bankruptcies are starting to pile up.
Starbucks' Q3 Earnings Top Amid Coronavirus Crisis: ETFs to Gain

on July 31, 2020 at 8:39 pm

Starbucks' Q3 earnings release has been cheered by investors on better-than-expected earnings results despite the coronavirus crisis.
MARKETS: Nasdaq, S&P 500 close July at record monthly highs — YF Premium is bullish on Starbux (SBUX)

on July 31, 2020 at 8:12 pm

Yahoo Finance's Jared Blikre joins Myles Udland to break down the day's price action in stocks as well as a long in Starbux (SBUX), a Yahoo Finance Premium Investment Idea.
The Weird Quirks of Covid-Era Shopping

on July 31, 2020 at 1:00 pm

(Bloomberg Opinion) -- The pandemic has given rise to some big changes in consumer behavior. We’re all familiar with the obvious ones by now, including more meals at home, fewer trips on airplanes and a dearth of reasons to buy high heels or suits. But after a batch of big-name consumer companies reported earnings in recent days, it’s become clear those changes were just the beginning.The Covid-19 situation has created a spider web of indirect, secondary shifts in shopping habits and consumer appetites that are just as consequential for brands and retailers as the bigger, broader trends. How companies respond will serve as a key test of their adaptability and creativity. Here are just a few examples: A Skincare Star Fades: In recent years, the upscale SK-II beauty brand has been a bright spot in Procter & Gamble Co.’s portfolio. The skincare line, which counts $299 “facial treatment essence” and $325 serum among its offerings, has regularly been called out as a catalyst of sales growth in the company’s beauty division. But in the quarterly results reported Thursday, SK-II turned out to be a blemish, with the company saying sales declined “double digits” in the brand. Why? Blame it on empty airports. Executives said travel disruptions exacted a major toll, meaning that the closure of duty-free shops – or the lack of foot traffic to them – caused sales to evaporate. International travel patterns aren’t likely to return to any semblance of normal any time soon, so P&G must figure out how it can work with retail partners such as Sephora, Bluemercury, and to a lesser extent, department stores, to plug the gap.Gum Gets Bitten: Packaged-food giant Mondelez International Inc. said Tuesday that sales at its gum and candy division plunged 33% in the quarter from a year earlier, a decline it said was mostly attributable to chewing gum. It’s not that customers suddenly had an aversion for its Trident or Stride brands. It’s that gum consumption is very dependent on people being away from their homes. It’s chewed on the go to have fresh breath for meetings or first dates – activities that are largely on pause right now. It doesn’t help that gum is often a convenience-store or drugstore impulse buy, seeing as those kinds of shopping trips are being foregone with more people embracing online shopping for groceries and household essentials. This suggests that Mondelez would be wise for now not to waste advertising dollars or promotional spending on gum, and instead funnel it toward brands such as Oreo and Ritz that have a better chance of making people’s shopping lists. If You’re Going Out, Get Me One, Too: Starbucks Corp. reported earnings Tuesday, and as you might expect — given that many of its U.S. cafes were closed for much of the June quarter — U.S. traffic slumped from a year earlier by a whopping 52%. At the same time, though, average ticket, or the average total bill, rocketed 25% from a year earlier. This isn’t because some strange subset of people was suddenly mainlining caffeine; it’s because customers were placing far more group orders. Think about it: If you visited Starbucks in pre-pandemic times, it was probably to grab a single drink to slurp at your cubicle. Now, with the whole family stuck at home, a trip to Starbucks might include a latte and breakfast sandwich for your spouse and a donut for each of your kids. This bundling of orders is not necessarily a bad thing for restaurants. In fact, it makes the economics of delivery orders more attractive and could help keep drive-through lines from getting off-puttingly long. But it does require careful thinking about how to allocate labor and tailor operations to make sure big-batch orders are given to customers fresh and hot. Scrapping for Beer Cans: The widespread closure of bars across the U.S. and Europe in the spring hurt quarterly revenue for Molson Coors Beverage Co. to the tune of a 14.3% drop from a year earlier (adjusting for currency fluctuations). But its so-called off-premise business suffered in the U.S., too. CEO Gavin Hattersley said on a Thursday earnings call that while demand for party-friendly kegs all but vanished in this market, demand for 12-ounce cans “went through the roof.” That became an issue when the company struggled to get enough aluminum cans to keep up with this new consumer preference, and sales suffered as a result. The company is already doing the smartest thing it can to adapt, which is work with suppliers to ensure availability of the packaging materials needed to accommodate the stay-at-home lifestyle. We’re Staying Home This Year, Kids : U.S. tourism has suffered tremendously from the Covid-19 outbreak, creating headwinds for airlines, hotels, theme parks, restaurants, and even retailers such as Macy’s Inc. and Tiffany & Co., whose Manhattan flagships are magnets for out-of-towners. But the effects from this drop-off ripple even further. Executives of Carter’s Inc., the baby and kids’ clothing chain, said on a July 24 earnings call that sales at their stores in tourist-centric locations were down 20% from a year earlier upon reopening, while at non-tourist-centric locations, they were up 15%. Given that tourist-centric stores accounted for about 10% of its locations but 20% of its store sales last year, this represents a real obstacle for the apparel giant. Carter’s has no power to change global tourism trends, but it can try to offset those challenges in other ways, such as trumpeting its new curbside pickup offering and leaning more on its wholesale relationships with the likes of Walmart Inc., Target Corp. and Amazon.com Inc. – retailers that have remained extremely busy during the pandemic.These wide-ranging and somewhat idiosyncratic business situations illustrate how the pandemic is truly leaving no corner of the economy and our daily routines unchanged, right down to gum-chewing. And the situation is still playing out. More than ever, companies need to be tuned in enough to the latest trends to spot shifts as they are happening, and flexible enough to make quick adjustments. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Starbucks Is Betting Contactless Consumer Behavior Will Stick Beyond the Pandemic

on July 30, 2020 at 5:25 pm

Starbucks (NASDAQ: SBUX) had a pretty decent spring quarter, all things considered. Specifically, Starbucks expects drive-thru usage to increase, and is investing in new tools for employees to increase throughput.

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