Listed by SHOP Companies Dallas
$5,000,000
Starbucks, Jimmy John's & Stanton Optical
Details
Property Type Retail
Sub Type Storefront
Square Footage 6,290
Cap Rate 6.25%
NOI $312,316
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Jimmy John's
Lease Type NNN
Remaining Term 6
Rent Bumps Yes
Price per SqFt $795
Year Built 2016
Buildings 1
Acreage 0.890
Starbucks, Jimmy John's & Stanton Optical | $4,997,000 | Outparcel to Walmart & Sam's Club | Odessa
Marketing description
100% Leased, Starbucks, Jimmy John’s & Stanton Optical | Outparcel to Walmart & Sam’s Club| Average Lease Term Expiration May 2032
Investment highlights
▪ Dominant Tenant Mix with Starbucks (Drive-Thru End Cap), Jimmy John’s, & Stanton Optical
▪ 100% Original Tenancy Since 2016 with Built-In Rent Escalations; All Tenants Have Renewal Options
▪ Starbucks (Corporate, SBUX): The Largest Coffeehouse Chain with 1,470+ Locations Across Texas Alone & 41,000+ Globally
▪ Stanton Optical (Corporate): National Optical Retail Concept with 300+ Locations Across the U.S. with 80 Across Texas
▪ Heavily Trafficked Intersection of East 42nd Street (SH 191) & Parkway Boulevard (75,200+ Combined VPD); Odessa’s Primary Retail Corridor with 4.0M+ SF of Retail GLA in a 2 Mile Radius
Listing Contacts
Listed by SHOP Companies Dallas
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$312,316.00
$26,026.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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