Starbucks | NNN Corporate Lease | Investment Grade Credit
147 West End Circle Verona, WI
Price: $2,571,000
Status: Available
Cap Rate: 5.25%
Year Built: 2022
NOI: $135,000
Lot Size: 1.60 acres
Price Per Foot: $1,169
Lease Type: Triple-Net (NNN)
Remaining Term: 8.5 Years
GLA: 2,200 sqft
Property Intro
Introducing a premier investment opportunity: a high-performing Starbucks in Verona, Wisconsin, strategically positioned within a booming sub-market in the desirable Madison Metropolitan Statistical Area (MSA). This triple net lease (NNN) property is backed by a corporate tenant with investment-grade credit, providing long-term security and minimal landlord responsibilities.
This newly constructed Starbucks (built in 2022) boasts a 15-year roof warranty, adding further value and peace of mind for investors. Ranked in the top 24% of Starbucks locations in Wisconsin and top 27% nationwide, this location also holds the #2 spot within its trade area, making it a prime destination for both locals and commuters alike.
Key factors driving the success of this location include its strategic placement directly across from Verona Area High School, serving over 1,700 students, and its proximity to the 1,100-acre Epic Systems campus, just 1.5 miles away, which attracts a large, affluent, and educated workforce. Verona itself is one of Wisconsin's fastest-growing cities, contributing to the high demand for quality retail and dining experiences.
This Starbucks offers investors a rare chance to acquire a high-performing, corporate-leased asset in a thriving area with substantial long-term growth potential.