Black Rock Coffee
Corporate Abs NNN Lease
Marketing description
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased retail investment property located in Harker Heights, Texas. The tenant recently executed a brand new 15-year lease with four (5-year) renewal options to extend, demonstrating long-term commitment to the site. The lease features scheduled 10% rental increases every five years throughout the primary term and at the beginning of each option period, supporting NOI growth and providing a hedge against inflation. The property features brand new 2026 construction with high-quality materials, modern finishes, and drive-thru infrastructure. The lease is absolute NNN with zero landlord responsibilities, making it an ideal management-free investment opportunity for an out-of-state investor.
The property is strategically positioned along E FM 2410 Road (27,600 VPD), offering strong visibility, and is located just minutes from Interstate 14 (63,900 VPD), a key east-west arterial providing regional connectivity. The asset is situated within a dense retail corridor alongside national retailers including Walmart Supercenter, Raising Cane’s, and O’Reilly Auto Parts. Nearby retail destinations include Market Heights (4M annual visits) and Killeen Mall (2.1M annual visits), further driving consumer traffic to the area. The property also benefits from proximity to community anchors including Mountain View Elementary School and Union Grove Middle School, as well as Seton Medical Center – Harker Heights, an 83-bed acute care hospital providing a full range of healthcare services. Additionally, the site is located just minutes from Fort Cavazos, one of the largest military installations in the United States, supporting a significant population base and regional economic activity. The surrounding Central Texas market continues to experience strong growth, driven by ongoing commercial development, infrastructure investment along Interstate 14, and population growth fueled by military and residential demand. The 5-mile trade area is supported by more than 116,800 residents and 27,600 employees, with an average household income of $120,888 within the 1-mile trade area.
Investment highlights
- Brand new 15-year lease with 10% rent increases every 5 years
- Corporate Signed Lease - Black Rock Coffee (Nasdaq: BRCB) is a publicly traded company with 181 company-owned locations and average store-level profit margins of ~29%
- Black Rock Coffee had same-store sales growth of 9.3% in Q4 2025 and positive comps every quarter since at least Q1 2023. Targeting 20% annual unit growth with a long-term goal of 1,000 locations
- Prominent frontage along E FM 2410 Road (27,600 VPD), minutes from Interstate 14 (63,900 VPD)
- Near major retail destinations including Market Heights (4M annual visits) and Killeen Mall (2.1M annual visits)
- Just minutes from Fort Cavazos, home to approximately 59,695 direct employees, including 38,642 active-duty military personnel, and the installation’s affiliated population contributed an estimated $39 billion to the Texas economy in 2023
- More than 116,800 residents and 27,600 employees support the 5-mile trade area
- $120,888 average household income within the 1-mile trade area
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