Listed by Trinity Real Estate Investment Services
$2,100,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,200
Cap Rate 6%
NOI $126,000
Occupancy 100%
Brand/Tenant Starbucks, Dunkin'
Lease Type NN
Lease Term 10
Lease Expiration 08/31/2032
Remaining Term 6.1
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $955
Year Built 2022
Acreage 0.990
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/24/2022
Ground Lease No
Retail | 6.0% CAP | 2,200 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Starbucks in Odessa, TX. This property is a 2022 development modern drive-thru prototype store with over 6 years remaining on the primary term, secured by a NN Lease that provides a 10% rent increase in September 2027 and additional 10% increases in the option periods.
Property Website: https://trinityreis.com/listing/1821-e-8th-st/
Investment highlights
- 2022 Development Starbucks in Odessa, TX With 6+ Years Remaining on Primary Term
- NN Lease With 10% Rent Increase September 2027 and 10% in Option Periods
- Modern Drive-Thru Prototype
- Near a Signalized Intersection With Combined Traffic Counts of 57,000+ Vehicles Passing Daily
- Located on Major Retail Corridor in Odessa – National Credit Tenants Nearby Including Ace Hardware, McDonald’s, AutoZone, O’Reilly, Whataburger, and Dollar Stores
- Densely Populated 5-Mile Area With 110,000+ Residents - Surrounded by Residential Properties With Strong Built-In Customer Base
- Just Outside Downtown Odessa and Minutes From Odessa College, With Nearly 9,000 Enrolled Students
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,000.00
$10,500.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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