Listed by Fisher James Capital
$2,750,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,325
Cap Rate 6%
NOI $165,000
Tenancy Single
Brand/Tenant Starbucks
Lease Type Net
Lease Term 10
Lease Expiration 05/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options four (4) five-year options
Price per SqFt $1,183
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 0.927
Parking Spaces 27 spaces
Parking Per SqFt 11.61
Investment Type Net Lease
Lease Commencement 05/04/2026
Ground Lease No
Brand New Starbucks in North Austin Market | 2026 Construction with Drive-Thru Along I-35
Investment highlights
- New 10-Year Corporate Net Lease to Starbucks (NASDAQ: SBUX): Investment-grade tenant (BBB+ S&P) with scheduled rent increases throughout the primary term and options
- Brand New 2026 Construction with Drive-Thru: Highly desirable prototype with drive-thru component, Starbucks’ most profitable format
- Low Management Investment: Favorable self-maintain lease structure with minimal landlord responsibilities and no CAM
- Strategic I-35 Frontage Location (88,586 ADT): Positioned along the primary north-south corridor connecting Austin, Waco, and Dallas-Fort Worth
- Located within New 64-Acre Salado Center Development: Adjacent to QuikTrip, Taco Bell, and future national tenants, with additional commercial and residential components
- Strong Demographics & Growth: Population of 291,904 within 15 miles and average household income of $143,837 within 3 miles
- Proximity to Major Demand Drivers: Less than one mile from multiple schools including a high school undergoing a major expansion, generating consistent daily traffic
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Listing Contacts
Listed by Fisher James Capital
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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