Listed by Real Capital Investments
$2,608,333
Starbucks
Details
APN 3049
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,150
Units 1
Cap Rate 6%
NOI $156,500
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 10.1
Lease Expiration 02/28/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options Four (4) Additional (5-Year) Options
Price per SqFt $1,213
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.190
Zoning Commercial
Parking Spaces 30 spaces
Parking per 1,000 SqFt 13.95
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/10/2025
Occupancy Date 02/10/2025
Ground Lease No
Ownership Fee
Sale Condition For sale by owner
Retail | 6.00% CAP | 2,150 SqFt
Investment highlights
- New 10 Year Lease with No Early Termination – Stable Cash Flow Asset with Minimal Landlord Responsibilities – Four (5-Year) Options to Renew
- Rare Self-Maintain Lease – Starbucks Handles All Day-to-Day Maintenance, Providing for a Unique, Passive Starbucks Investment
- 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Corporately Guaranteed Lease by Starbucks Corporation (NASDAQ: SBUX) with an S&P Credit Rating of BBB+ – Over $36.1 Billion in Revenue in 2024 and a Market Cap of Over $128.3 Billion
- Iconic Global Brand – Starbucks is the Second Largest Fast-Food Chain in the World and the Largest Coffeehouse in the World with More Than 40,000 Locations in 87 Countries
- Pride of Ownership Asset Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property
- Equipped with a 30-Car Stack Double Drive-Thru Situated on a Large 1.19-Acre Parcel Containing 30 Parking Spaces, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
- High Traffic Location with Excellent Visibility – More Than 46,000 Vehicles Per Day on Interstate-30 & Over 7,500 Vehicles Per Day on TX-37
- Strong Demographics – Over 4,600 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $110,000 Annually
- High Daytime Population of More Than 150 Businesses & 1,100 Employees within a 5-Mile Radius of the Property
- Approximately 1.3 Miles from Mount Vernon High School & Mount Vernon Elementary with More Than 1,000 Students Combined Currently Enrolled
- Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset
Listing Contacts
Listed by Real Capital Investments
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,500.00
$13,041.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
