Starbucks

895 US Highway 271 North, Gilmer, TX 75644

$2,056,000

Cap Rate 6.25%

Views: 111 DOM: 209 Updated: 10.15.24 Posted: 04.26.24 Status: Active

Summary

Price $2,056,000	Built/Renov 2023	Tenant Starbucks
Cap Rate 6.25%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,160	Lease Start 10-02-2023	#Units 38,038
Price/SF $951.85	Expiration 10-01-2033	Tenant Type Fast Food/QSR
NOI $128,500	R. Term 8.10	Ownership Fee Simple
Rent/SF $59.49	Increases 10.0%/6/yrs	Pop 5Mi 9,253
Lot/AC 0.90	Options 4/5yrs/10%	AHHI 5Mi $72,497

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 US-271, with access to 17,589 vehicles passing by daily. The property boasts a prime location near Walmart Supercenter, Dollar Tree, and Brookshire’s grocery store. Notably, it stands as the sole Starbucks within an 18-mile radius. Moreover, the site is conveniently situated less than 1 mile from the venue of The East Texas Yamboree, a historic festival...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway location
Income tax free state
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Gilmer, Texas Zip Code 75644 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 :	2,889	6,293	9,415
2023 Total Population :	2,894	6,249	9,253
2023 Employed Civilian Pop :	1,031	2,290	3,448
2023 Total Businesses :	304	409	443
2023 Average Household Income :	$ 65,289	$ 66,138	$ 72,497
2023 Total Consumer Spending :	$ 64 M	$ 143 M	$ 233 M
2023 Median Age :	42	41	42
2023 Total Households :	1,119	2,436	3,623
2023 Pop Age 25+: Bachelor's Degree :	388	710	1,045
2023 Average Home Value :	$ 160,976	$ 166,647	$ 183,582

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Wood Street	Thomas St	2022	17,589	0.14 mi
State Hwy 155 N	Green St	2002	5,900	0.38 mi
State Highway 155	Evergreen PkDr	2022	5,752	0.43 mi
North Wood Street	Hwy 155 N	2022	17,096	0.48 mi
State Hwy 155 N	N Cypress St	2002	5,600	0.49 mi
State Highway 155	N Roberts St	2022	6,233	0.52 mi
North Wood Street	E Cass St	2022	22,575	0.75 mi
N Wood St	E Jefferson St	2002	18,700	0.81 mi
East Marshall Street	S Roberts St	2022	6,610	0.86 mi
East Marshall Street	S Chandler St	2022	9,161	0.87 mi

Listing Broker

Putnam Daily

Fisher James Capital

Contact

91 Listings
10168 Views
23 Sold

Lindsey Snider

Fisher James Capital

Contact

67 Listings
7927 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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