Leicester drive-through restaurant handed £2.8m price tag
A Starbucks drive-through restaurant and electric vehicle charging station in the Beaumont Leys suburb of Leicester has been placed on the market with a price tag of £2,855,000.
Located approximately 3.5 miles north west of Leicester City Centre, the asset adjoins Beaumont Leys Shopping Centre and sits adjacent to a Tesco petrol station. Beaumont Leys Shopping Centre is home to tenants such as Tesco Extra, Aldi, B&M, McDonald’s, Poundland, and Boots, as well as four retail warehousing units let to Aldi, Pets at Home, One Beyond, and TUI.
The property comprises a 1,835 sq ft, newly-developed retail unit with 10 dedicated car parking spaces and a 12 bay electric vehicle charging point, let to Tesla.
The asset generates a total contracted income of £190,000 per annum, with both tenants signed on 15-year leases with no breaks. The Tesla lease is subject to annual upwards-only rent increases by reference to the consumer price index, collared and capped at 1% and 3% respectively.
Cited Property and Savills have been appointed to find a suitable purchaser.