Starbucks NNN — Paris, TN

Updated November 5, 2026

$2,610,000 · 6.25% CAP · 9.3 YRS

New 2025 Starbucks with a drive-thru at 1306 Mineral Wells Ave in Paris, about 2,535 SF on 0.89 acres, asking $2,610,000 at a 6.25% cap on $163,100 rent. Starbucks Corporation guarantees the lease. Rent began December 2025 and the term runs to February 2036, about 9.3 years; rent steps up 7.5% every fifth year, including across four renewal periods of five years each. Landlord duties on this NN lease cover roof, structure, parking and common areas, so check what the tenant reimburses. The site sits on Mineral Wells Ave, about 16,800 vehicles per day, near Walmart Supercenter and Kroger. Paris is the Henry County seat in northwest Tennessee.

Lease Abstract

Price

$2,610,000

Cap rate

6.25% CAP

NOI

$163,100

Term remaining

9.3 YRS

Lease type

NN

Increases

7.5% every 5 years, including options

Options

4 x 5-year

Guarantee

Corporate

Building

2,535 SF

Lot

0.89 AC

Year built

2025

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

2,535 SF building, built 2025, 0.89 acres of land. $1,030/SF asking, $64.34/SF NOI. Rent increases: 7.5% every 5 years, including options. Renewal options: 4 x 5-year. Corporate guarantee. Primary term ends around 2036 (9.3 yrs left at listing, Nov 2026).

Location

Paris, Tennessee — 1306 Mineral Wells Ave, Paris, TN 38242. Full address and offering memorandum released on request — see our Starbucks tenant guide and the Tennessee market page for the underwriting context.