Starbucks

325 Enterprise Boulevard, Hewitt, TX 76643

$2,130,000

Cap Rate 5.75%

Views: 124 DOM: 209 Updated: 10.15.24 Posted: 04.26.24 Status: Active

Summary

Price $2,130,000	Built/Renov 2023	Tenant Starbucks
Cap Rate 5.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,382	Lease Start 04-01-2023	#Units 38,038
Price/SF $894.21	Expiration 03-31-2033	Tenant Type Fast Food/QSR
NOI $122,500	R. Term 8.4	Ownership Fee Simple
Rent/SF $51.43	Increases 10.0%/5/yrs	Pop 5Mi 78,914
Lot/AC 0.78	Options 4/5yrs/10%	AHHI 5Mi $95,806

Lease Highlights

Brand new 2023 construction
Starbucks has 8+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on I-35, with access to a substantial daily traffic count of 95,931 vehicles. The property's advantageous location includes close proximity to a Walmart Supercenter-anchored shopping center. Additionally, the site is adjacent to several shopping centers such as Central Texas Marketplace, Waco Centre, and Brazos Place Shopping Center. The surrounding area...

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Key Features

New construction
Dense retail corridor
Near major nationals
Freeway visibility
Affluent suburb location
Major MSA
Income tax free state
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Hewitt, Texas Zip Code 76643 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,332	28,777	80,393
2023 Total Population :	3,282	28,324	77,246
2023 Employed Civilian Pop :	1,674	14,713	38,819
2023 Total Businesses :	135	930	3,531
2023 Average Household Income :	$ 107,801	$ 110,365	$ 96,268
2023 Total Consumer Spending :	$ 117 M	$ 1004 M	$ 2476 M
2023 Median Age :	38	39	39
2023 Total Households :	1,279	10,637	29,736
2023 Pop Age 25+: Bachelor's Degree :	544	5,156	12,627
2023 Average Home Value :	$ 224,281	$ 236,711	$ 246,549

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Greig Dr W	I- 35 Svc Rd	2010	970	0.11 mi
Sun Valley Boulevard	Spring Valley Rd	2022	16,150	0.16 mi
Sun Valley Blvd	I- 35 Svc Rd	2010	9,380	0.20 mi
Sun Valley Blvd	Mc Lemore	2002	11,000	0.29 mi
East Spring Valley Road	Enterprise Blvd	2022	3,796	0.30 mi
Attaway Rd	Willow Creek	2010	720	0.48 mi
Greig Dr W	Heston Cir	2010	1,520	0.48 mi
E Spring Valley Rd	Attaway Rd	2002	4,800	0.51 mi
Surrey Ridge Ln	I- 35 Svc Rd	2010	760	0.68 mi
North Old Temple Road	Lancelot Cir	2022	11,734	0.69 mi

Listing Broker

Putnam Daily

Fisher James Capital

Contact

91 Listings
10163 Views
23 Sold

Lindsey Snider

Fisher James Capital

Contact

67 Listings
7923 Views
18 Sold

Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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Lindsey Snider

Lindsey Lantis Snider is a Partner at Fisher James Capital, advising institutional and private capital clients on the disposition and acquisition of leased investment properties nationwide. Lindsey has over 15 years of experience specializing in the sale of single tenant retail properties, multi-tenant shopping centers, sale-leaseback portfolio dispositions, and 1031 exchange transactions. Lindsey attended Santa Clara University and holds a Bachelor of Science from the business school with a m

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