Rare 13-Year Starbucks Lease Structure

Brand new 13-year double-net lease with Starbucks Corporation that commenced in April of 2025. The lease features minimal Landlord responsibilities, four five-year renewal options, and rent increases every five years. Majority of new Starbucks leases have a 10-year primary term and their commitment to this site is evident with the unique 13-year lease.

Anchored by Taos' Top 3 Retail Drivers Capturing 96% of Grocery Foot Traffic

This Starbucks is strategically located near Taos’ three leading retail anchors—Walmart (1.7 million visits/year), Albertsons (1.2 million visits/year), and Smith’s (938.8K visits/year). Collectively, these retailers account for 96% of all grocery and retail foot traffic in the market. With the next closest Walmart located 37 miles away in Española and another 56 miles away in Santa Fe, this corridor serves as the primary commercial hub for Northern New Mexico, driving exceptional customer volume and visibility to the subject property.

79% of K-12 Students in Taos County are Located within a 5-Mile Radius

The subject property benefits from excellent visibility along Paseo del Pueblo Sur (Highway 68) with 138 feet of frontage, experiencing traffic counts of 19,598 VPD. The corner location offers easy ingress/egress from highway 68. In addition, just to the north is an Albertson’s anchored shopping center.

Build-Out Outdoor Seating Enhances Operational Performance

The store includes fully built-out outdoor seating, enhancing visibility, seating capacity, and customer experience. In similar markets, this feature is associated with 20–30% higher foot traffic and $200–$500/day in additional sales, particularly in tourism-heavy, pedestrian friendly environments like Taos. Sources: (restaurant.org, progressivescreens.com).