

Starbucks
Retail | 5.00% CAP | 1,950 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB+), corporate guaranteed (NASDAQ: SBUX) Starbucks investment property located in Taylor, Texas (Austin MSA). The tenant, Starbucks Corporation, signed a new 10-year lease in 2023 with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a hedge against inflation. The lease has minimal landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.
The subject property is strategically positioned along North Main Street (19,000 VPD), the primary retail corridor serving Taylor, Texas. The corridor provides direct connectivity to U.S. Route 79 (26,700 VPD) an arterial highway serving the Austin MSA. Starbucks receives significant crossover consumer traffic from its location
as an outparcel to the Taylor Plaza Shopping Center, a 125K SF retail center attracting over 1 million annual visits (Placer.ai). The center features a diverse tenant mix including Bealls, Harbor Freight, Goodwill, Jack In The Box, and Subway, and is in immediate proximity to major national retailers such as a Walmart Supercenter, H-E-B, McDonald’s, Taco Bell, Sonic, and Whataburger, promoting further consumer traffic and retail synergy. The surrounding area is bolstered by Samsung’s monumental $25 billion semiconductor campus, a transformational project spanning roughly 6 million square feet, located less than 6-miles from the subject property. The semiconductor campus is set for operations to commence in 2026, with mass production anticipated in early 2027. This campus is the cornerstone of the emerging Taylor-Hutto tech corridor, projected to create thousands of high-paying jobs, fundamentally reshaping the economic landscape of the Austin MSA.
Investment highlights
- 7-Years Remaining | Investment Grade Tenant | Options to Extend
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Outparcel to Taylor Plaza Center (125K SF | 1M+ Annual Visits) | Excellent Visibility & Access on N. Main Street (19K+ VPD)
- Near Samsung’s New $25B Semiconductor Campus | Austin MSA
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