Starbucks

166 Riddle Road, Italy, TX 76651

$2,064,000

Cap Rate 6.25%

Views: 233 DOM: 155 Updated: 10.15.24 Posted: 06.19.24 Status: Active

Summary

Price $2,064,000	Built/Renov 2023	Tenant Starbucks
Cap Rate 6.25%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 1,649	Lease Start 02-05-2024	#Units 38,038
Price/SF $1,251.67	Expiration 02-28-2034	Tenant Type Fast Food/QSR
NOI $129,000	R. Term 9.3	Ownership Fee Simple
Rent/SF $78.23	Increases 10.0%/5/yrs	Pop 5Mi 3,421
Lot/AC 0.72	Options 4/5yrs/10%	AHHI 5Mi $81,756

Lease Highlights

New 2023 construction
Starbucks has 9+ 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 Riddle Road, with access to 43,041 vehicles passing by daily. The property benefits from a strategic location along a major arterial linking Dallas to Austin, close to Pilot Travel Center, Love’s Travel Stop, Dollar General, McDonald’s, Denny’s, Exxon, Taco Bell, and a Tesla Supercharger. Additionally, the Shell Station is in the top 10% of locations...

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Key Features

New construction
Build to suit
Near major nationals
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Italy, Texas Zip Code 76651 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
2029 Total Population :	401	2,554	3,312
2024 Total Population :	422	2,685	3,463
2024 Employed Civilian Pop :	184	1,173	1,527
2024 Total Businesses :	32	89	96
2024 Average Household Income :	$ 80,520	$ 81,686	$ 86,796
2024 Total Consumer Spending :	$ 12 M	$ 73 M	$ 97 M
2024 Median Age :	39	39	39
2024 Total Households :	172	1,001	1,256
2024 Pop Age 25+: Bachelor's Degree :	27	176	248
2024 Average Home Value :	$ 452,331	$ 435,601	$ 409,714

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Kin Folk Ln	Dale Evans Dr	2004	380	0.06 mi
L R Campbell Rd	Dale Evans Dr	2009	540	0.16 mi
Dale Evans Drive	Kin Folk Ln	2022	5,893	0.39 mi
South US Highway 77	Couch St	2022	2,084	0.76 mi
John Davis Rd	John Davis Dr	2004	30	0.78 mi
Mosley St	Carter Dr	2004	3,670	0.79 mi
Carter Dr	Mosley St	2004	120	0.80 mi
Derrs Chapel Dr	Richards St	2004	470	0.91 mi
Couch St	Dallas St	2009	1,650	0.91 mi
Dale Evans Dr	Waco St	2009	4,530	0.98 mi

Listing Broker

Putnam Daily

Fisher James Capital

Contact

91 Listings
10167 Views
23 Sold

Lindsey Snider

Fisher James Capital

Contact

67 Listings
7926 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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