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33421159
33421160

2990 N. Main Street, Taylor, TX 76574

PW
CA 02005574
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,500,000
1 day on market
Updated 1 day ago

Starbucks

Details
APN R-13-2008-0000-0004
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,950
Cap Rate 5%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Lease Term 10
Lease Expiration 06/30/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options 4 (5-year)
Year Built 2022
Acreage 0.880
Zoning P5: Urban Center
Parking Spaces 38 spaces
Parking Per SqFt 19.49
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/2023
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

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

Listing Contacts

PW
CA 02005574
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Louie Tijerina
License
655302-B
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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