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Views: 123 DOM: 306 Updated: 09.05.24 Posted: 02.01.24 Status: Active

Summary

Price $2,083,000
Built/Renov 2024
Tenant Starbucks
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,230
Lease Start 02-14-2024
#Units 36,000
Price/SF $934.08
Expiration 02-28-2034
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 9.2
Ownership Fee Simple
Rent/SF $56.05
Increases 8.0%/5/yrs
Pop 5Mi 85,949
Lot/AC 0.94
Options 4/5yrs/8%
AHHI 5Mi $66,317

Lease Highlights

  • Brand-new 2024 construction | Starbucks latest prototype
  • Brand-new 10-year lease with 4 (5-year) options to extend
  • The lease features 8% rental increases every 5 years throughout the initial term and each option period
  • 15-year roof warranty to be transferred to Buyer at Close of Escrow
  • Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located on N. Jackson Road, with access to 18,400 vehicles passing by daily. The property is an outparcel within a shopping center anchored by a Walmart Supercenter. Within a one-block radius, there are well-known national tenants, including newly constructed McDonald’s and GO Car Wash, 7-Eleven, Dollar Tree, Domino’s, Sonic, and more. Additionally, it is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:36,000
  • 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 : 9,721 42,910 75,720
2023 Total Population : 9,285 41,894 74,217
2023 Employed Civilian Pop : 3,699 15,646 29,526
2023 Total Businesses : 174 899 2,253
2023 Average Household Income : $ 60,549 $ 59,537 $ 65,225
2023 Total Consumer Spending : $ 127 M $ 582 M $ 1232 M
2023 Median Age : 27 27 30
2023 Total Households : 2,395 11,010 21,367
2023 Pop Age 25+: Bachelor's Degree : 966 3,424 8,106
2023 Average Home Value : $ 142,779 $ 137,466 $ 162,622
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
FM 2061 W Anaya Rd 2021 17,335 0.29 mi
South Jackson Road W Anaya Rd 2020 13,268 0.29 mi
S Jackson Rd W Las Milpas Rd 2014 18,737 0.30 mi
West Dicker Drive Loretta Ln 2021 16,000 0.64 mi
W Dicker Dr Pecan Plantation Cir 2002 9,100 0.65 mi
S McColl Rd E Graybirch Ave 2014 4,608 0.79 mi
North Jackson Road W Thomas Rd 2021 23,256 1.12 mi
W Thomas Rd S Primavera St 2014 7,364 1.14 mi
W Thomas Rd N Jackson 2014 534 1.14 mi
W Anaya Rd S Seguin Dr 2014 5,208 1.20 mi

Listing Broker

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