Noah Fox And Andrew Leeds Acquire Starbucks Property In Blytheville, AR For $2.5M

The property involved in this transaction is a retail asset located at 3810 East Main Street in Blytheville, Arkansas. The sale price for the property was $2,500,000, and it encompasses a total area of 2,200 square feet, resulting in a price per square foot of $1,136. The asset is a newly developed Starbucks occupied under a long-term net lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Address: 3810 East Main Street
• Market: Blytheville, AR
• Buyer: Noah Fox & Andrew Leeds
• Seller: Scott Deskins
• Buyer's Representative: Noah Fox - Vertical Real Estate
• Seller's Representative: Ben Deskins - Secure Net Lease
• Square Footage: 2,200
• Price Per Square Foot: $1,136

Noah Fox, Principal at Vertical Real Estate, stated the acquisition aligns with their strategy of securing high-quality retail properties backed by established brands. The Starbucks location benefits from strong visibility and excellent access, contributing to its value in the market. The firm seeks to expand its portfolio of net leased assets, focusing on properties leased to leading corporate tenants across various sectors.