Gloucester
Starbucks Drive-thru over 20 years to lease expiry with fixed increases
Starbucks Drive Thru - Peel Retail Park
- 250 year leasehold interest
- Long lease to Magic Bean Company Ltd @ £125,000 pax
- Lease expiry June 2045
- 5 year rent reviews to CPI with a cap and collar of 1%-3% pa compounded
- New Starbucks steel portal Drive Thru
- Major retail provision of approximately 580,000 sq ft in close proximity
- Forward commitment to purchase
- Price £2,000,000
- Net initial Yield 5.88% (Assuming purchaser’s costs of 6.28%)