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Views: 189 DOM: 304 Updated: 10.30.24 Posted: 06.01.24 Status: Active

Summary

Price $2,635,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 5.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,020
Lease Start 08-27-2024
#Units 38,038
Price/SF $1,304.46
Expiration 08-31-2034
Tenant Type Fast Food/QSR
NOI $145,000
R. Term 9.5
Ownership Fee Simple
Rent/SF $71.78
Increases 10.0%/5/yrs
Pop 5Mi 210,860
Lot/AC 0.95
Options 4/5yrs/10%
AHHI 5Mi $62,914

Lease Highlights

  • Brand-new 2024 construction
  • Starbucks recently executed a brand new 10-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized intersection of North Zaragoza Road and Loop Drive, with access to a combined daily traffic count of 45,000 vehicles. The property is situated just minutes from the Ysleta-Zaragoza Border Crossing, which sees over 5 million annual crossings. Additionally, it is conveniently located 10 miles from the El Paso International Airport. The...

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Maps

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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
2029 Total Population : 15,851 76,757 205,710
2024 Total Population : 15,849 76,207 203,894
2024 Employed Civilian Pop : 7,076 33,291 90,438
2024 Total Businesses : 339 2,566 5,828
2024 Average Household Income : $ 58,015 $ 67,911 $ 73,681
2024 Total Consumer Spending : $ 310 M $ 1669 M $ 4832 M
2024 Median Age : 40 39 37
2024 Total Households : 5,812 26,933 72,495
2024 Pop Age 25+: Bachelor's Degree : 942 7,425 23,217
2024 Average Home Value : $ 222,973 $ 214,973 $ 224,461
*ESRI data is presented for informational purposes only

Listing Broker

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Bill Asher

Hanley Investment Group

Contact
  • 151 Listings
  • 23783 Views
  • 73 Sold
Jeff Lefko

Hanley Investment Group

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  • 151 Listings
  • 23153 Views
  • 75 Sold

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Scott Reid

ParaSell, Inc

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  • 35 Listings
  • 4488 Views
  • 6 Sold

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

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