Will Starbucks Closures Impact Property Values Near You?

I can’t help but wonder about the “Starbucks Effect” in reverse and how it might impact property values and commercial rents. The real estate market could see some changes if multiple Starbucks locations close in one area. I’m curious if anyone owns properties near a closing Starbucks and how it has affected them. Did you invest in a rental property because of the appeal of having a Starbucks nearby? Have you experienced a major chain closing in your neighborhood and noticed any impact on returns or rental demand? A study has shown that property values can decrease slightly (by 1%) in areas where major retailers shut down, but it’s unclear if Starbucks holds the same influence in a community.