Listed by Trinity Real Estate Investment Services
$2,381,600
Central TX Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,672
Cap Rate 6.25%
NOI $148,850
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
Lease Type NN
Lease Term 10
Lease Expiration 03/31/2035
Remaining Term 8.8
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Year Built 2024
Acreage 1.000
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/18/2025
Ownership Fee Simple
Retail | 6.25% CAP | 1,672 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Starbucks in Harker Heights, TX. This property is a new 2024 development store featuring a NN lease with 9 years remaining and 10% rent increases every 5 years, strategically positioned along the FM 2410 corridor undergoing widening and improvements.
Property Website: https://trinityreis.com/listing/980-stillhouse-lake-rd/
Investment highlights
- New 2024 Development Starbucks in Harker Heights, TX
- NN Lease With 9 Years Remaining on Primary Term With 10% Increases Every 5 Years
- Starbucks Demonstrating Resilient Transaction and Sales Trends, Reinforcing Long-Term Tenant Strength
- Near a Signalized Intersection & Adjacent Harker Heights High School With Combined Traffic Counts of 29,000+ Vehicles Passing Daily
- Positioned Along the FM 2410 Corridor With Ongoing Widening/Improvements Enhancing Access and Flow
- Densely Populated 5-Mile Trade Area With 100,000+ Residents and 31.78% Population Growth Since 2010
- Affluent Suburban Community With $111K+ Avg. Household Income Within 3 Mile
- Active Development Tailwinds Across Harker Heights/Killeen Supporting Continued Retail Demand
- Close Proximity to Fort Cavazos, One of the Nation’s Largest Military Installations
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,850.00
$12,404.17/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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