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Starbucks secures lease agreement on Main St. and Canyon Ranch Dr. in Cedar City

Cedar City, UT—We are excited to announce Starbucks as the newest Tenant for the brand-new shopping center located on the corner of Main Street and Canyon Ranch Dr in Cedar City.

Starbucks started in 1971 in Seattle’s Pike Place Market and has since become the largest coffee chain in the world with over 17,000 locations in the U.S. and over 38,000 worldwide. Starbucks is in over 80 different countries, serving its gourmet coffee to everyone who walks through their doors.

Neil Walter and Roy Barker at NAI Excel have been retained to market and lease space in the new center and represented the landlord in this transaction. Jake Woodward at Spartan Partners CRE represented Starbucks.

“It’s exciting to see the development get started at this new Cedar City location. The high visibility and ease of access right off I-15 make this a prime location for a variety of retail. We believe the shopping center will be a great spot both for locals and for I-15 travelers and Starbucks is a fantastic addition that will draw people to the center.” stated Roy Barker of NAI Excel.

Ground is expected to be broken soon with deliveries of space beginning the first half of 2025. More tenant announcements will be made as leases are finalized.

Starbucks

Neil Walter - St. George commercial real estate

Neil Walter

Neil is both partner and CEO for Brokers Holdings. His client base is primarily focused on investment properties, development land, special use assets with or without the accompanying business, and difficult to sell REO properties. Neil’s professional experience is built on a capital markets foundation of deal structuring, cash flow modeling, and asset pricing. He has worked on projects including development land, multifamily and student housing, convenience store portfolios, grocery stores, motel/hotel properties, manufacturing companies, transportation companies, wind farms, farms and ranches, professional service firms, and start-up entrepreneurial ventures. He has advised on transactions with or without real estate.

Roy Barker - Commercial Real Estate

Roy Barker

Roy began his professional career in 2003 working as an estate and tax planning consultant with a national estate planning educational firm. He was highly sought after for his expertise in capital gains tax deferral strategies, educating Attorneys, CPAs, and Financial Advisors all over the country.


About NAI Excel

NAI Excel is a leading provider of commercial Real Estate Services in the US. Operating in Utah, Nevada, Texas, and Idaho, they are part of the NAI Global network covering nearly every major market nationally and across the globe. NAI Excel is a subsidiary of Brokers Holdings, LLC. Headquartered in St George, UT since 1982, Brokers Holdings owns and operates both residential and commercial brokerages. With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.