SPARTA, Wisconsin, October 4, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Starbucks, a 2,460-square-foot net-leased property located in Sparta, Wisconsin. The asset sold for $1,877,301.
Zack House, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Todd Lindblom, Wisconsin Broker of Record, assisted in closing this transaction.
Starbucks is located at 630 S Black River Street in Sparta, Wisconsin. This newly built property, completed in 2022, includes a drive-thru feature. Starbucks has secured a brand new 10-year corporate guaranteed lease with Starbucks (NASDAQ: SBUX) offering rental increases and multiple renewal options on the lease.
