Net Lease Starbuck’s Property Sold for $2.8 Million

Specializing in NNN properties for sale, GCT Net Lease completed a $2.8 million sale of a Starbuck’s in Helena, Montana.

United States – March 16, 2017 – Earlier this month, GCT Net Lease arranged the sale of a 2,800 square foot Starbuck’s Corporation property located in Helena, Montana. The property was sold for $2,864,000 to a private 1031 exchange properties buyer.

This triple net property is one of only two freestanding Starbucks locations in Helena, Montana. It was built in 2015 and has a lot size of .64 acres. Located directly on Lyndale Ave., the property has a central position in the city. With close proximity to the I-15, many commercial businesses, parks and Carroll College, the property experiences a high daily traffic count.

It is very rare to find a triple net Starbucks property for sale, as many of them on the marketplace are only double net leases,” explained a GCT Net Lease President. “Our long term relationships with developers and brokers allowed us to find this unique 1031 exchange property for sale. Our client had a very tight deadline to find a replacement property and was extremely thrilled to come across this one.

The Starbuck’s Corporation is one of the largest coffeehouse chains in the world with over 22,500 stores across 67 different countries. It is also one of the most in-demand NNN properties for sale in the United States.

Based in Windsor, Connecticut, GCT Net Lease is an investment real estate services firm that focuses exclusively on single and multi-tenant net lease properties. The firm provides a full range of brokerage and advisory services nationwide to investors and developers.

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Company Name: GCT Net Lease
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