Getting Starbucks as a tenant

[Thomas Don]

Recently obtained a drive-through commercial building in a growing area of the Poconos. High traffic road that would make a great location for a Starbucks, close to both a college and high school. Was wondering if how to start the process of getting Starbucks interested. I don't want to run a Starbucks just rent to them. The building would need to be renovated to fit their style of course, do they have their own corporate team that does the renovations or would I have to get my own contractor to do it?

Any help/advice in this situation would be appreciated! This is my first commercial property but I was very familiar with the area and it seemed like a lot of potential so I went for it.

[Joel Owens]

Starbucks does not have franchises in the U.S. they are currently all corporate stores. They do occasional partnerships with local onsite college bookstores that sell their products etc.

Only franchises I have seen is overseas with master agreements.

As to Starbucks they have a corporate contact but they have a local tenant rep commercial leasing broker that screens potential sites. 

Just as you are asking questions on here so are thousands of other investors without the specialized knowledge and the VP that works at Starbucks doesn't have time to ask questions or talk to those people so they have leasing brokers do that for them. Then when they scrub through the sites submitted and leasing broker says it might have merit THEN they discuss it further and MIGHT put in an LOI. Since it is big corporate it can take awhile for them to make a decision.

Everyone wants credit tenants on their dark sites because they tend to pay the most rent per ft and sell for the lowest cap rates when the owner eventually wants to sell for equity gain payoff on the back end.