Starbucks | Longview, TX
New 10-Year Lease | Covered Land Play With Low Rent | Off I-20; 45,000 CPD
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Starbucks_Longview
Investment highlights
Single-Tenant Corporate Starbucks Drive-Thru:
New 10-year lease
Rare Starbucks lease provision with tenant self-maintaining the property
10% rent increase in year 6 of the primary term
Corporate lease (NASDAQ: SBUX; S&P: BBB+)
Largest coffeehouse chain globally with approximately 40,000± stores in 84 countries
New Starbucks Prototype; Favorable Cafe and Drive-Thru Format:
The subject property features a drive-thru, outdoor patio seating, and an indoor pick-up window
No Income Tax: Texas is a non-income tax state
Longview is an Underserved Starbucks Market: The subject property is the only Starbucks drive-thru located with direct access to the I-20 for over 40 miles
Longview is Located Between Dallas-Fort Worth Metroplex and Shreveport, Louisiana:
“Top 100 Best Cities for Young People” by America’s Promise Alliance
One of the lowest costs of living in Texas
Over 215,000 people in the greater metropolitan area
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