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Starbucks

2140 North Jupiter Road, Garland, TX 75044

$2,301,000

Cap Rate 5.65%

Views: 214 DOM: 325 Updated: 11.25.24 Posted: 01.05.24 Status: Sold 11.25.24

Summary

Price $2,301,000
Built/Renov 2023
Tenant Starbucks
Cap Rate 5.65%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,015
Lease Start 06-01-2023
#Units 36,000
Price/SF $1,141.94
Expiration 05-31-2033
Tenant Type Fast Food/QSR
NOI $130,000
R. Term 8.5
Ownership Fee Simple
Rent/SF $64.52
Increases 10.0%/4/yrs
Pop 5Mi 383,719
Lot/AC 0.72
Options 4/5yrs/7.5%
AHHI 5Mi $99,052

Sam Young
Atlantic Capital Partners
Contact

David Hoppe
Atlantic Capital Partners
Contact

Lease Highlights

  • Starbucks has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and 7.5% at the start of each option period
  • Corporate guaranteed lease | Investment grade tenant (S&P: BBB+)

Location Description

Starbucks is strategically located on Jupiter Rd, with access to 37,238 vehicles passing by daily near the signalized intersection with Buckingham Rd (29,120 VPD). The property benefits from the presence of over 1.1M SF of retail space within a 1-mile radius. The immediate trade area is surrounded by national retailers, including Lowe’s, Target, ROSS Dress for Less, Petco, Aldi, and Walmart...

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Key Features

  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Starbucks Wikipedia Starbucks Wikipedia Garland, Texas Zip Code 75044 Broker Site Page

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 is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 19,828 148,068 382,879
2023 Total Population : 20,180 148,691 380,348
2023 Employed Civilian Pop : 10,547 78,006 202,251
2023 Total Businesses : 337 5,778 15,602
2023 Average Household Income : $ 86,074 $ 85,386 $ 98,804
2023 Total Consumer Spending : $ 507 M $ 3943 M $ 12231 M
2023 Median Age : 38 36 36
2023 Total Households : 6,802 53,208 142,818
2023 Pop Age 25+: Bachelor's Degree : 2,284 21,159 60,678
2023 Average Home Value : $ 282,478 $ 274,638 $ 329,316
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Jupiter Rd Eastpark Dr 2011 29,900 0.13 mi
W Buckingham Rd N Jupiter Rd 2011 30,803 0.14 mi
N Jupiter Rd Fieldcrest Dr 2012 33,420 0.29 mi
Diamond Oaks Dr Grand Oak Dr 2012 1,519 0.30 mi
N Jupiter Rd Berkner Dr 2009 31,240 0.30 mi
W Buckingham Rd Shadycreek Dr 2012 31,417 0.41 mi
Jupiter Shopping Center Village Grn 2009 4,010 0.42 mi
Ridge Oak Dr Bending Oaks Trl 2011 1,172 0.51 mi
Diamond Oaks Dr Ridge Oak Dr 2009 1,370 0.52 mi
W Buckingham Rd Winding Oak Trl 2009 29,830 0.54 mi

Listing Broker

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