Starbucks, Mount Vernon, Texas

824 TX-37 no-imageVIEW MAP

Property Information

Price: $2,608,333
Cap Rate: 6.0%
NOI: $156,500
Lease Term: 10 Years
Lease Type: NN
Building Size: Approximately 2,150 Square Feet
Year Built: 2024
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • New 10 Year Lease with No Early Termination – Stable Cash Flow Asset with Minimal Landlord Responsibilities – Four (5-Year) Options to Renew
  • Rare Self-Maintain Lease – Starbucks Handles All Day-to-Day Maintenance, Providing for a Unique, Passive Starbucks Investment
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by Starbucks Corporation (NASDAQ: SBUX) with an S&P Credit Rating of BBB+ – Over $36.1 Billion in Revenue in 2024 and a Market Cap of Over $128.3 Billion
  • Iconic Global Brand – Starbucks is the Second Largest Fast-Food Chain in the World and the Largest Coffeehouse in the World with More Than 40,000 Locations in 87 Countries
  • Pride of Ownership Asset Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Equipped with a 30-Car Stack Double Drive-Thru Situated on a Large 1.19-Acre Parcel Containing 30 Parking Spaces, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location with Excellent Visibility – More Than 46,000 Vehicles Per Day on Interstate-30 & Over 7,500 Vehicles Per Day on TX-37
  • Strong Demographics – Over 4,600 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $110,000 Annually
  • High Daytime Population of More Than 150 Businesses & 1,100 Employees with a 5-Mile Radius of the Property
  • Approximately 1.3 Miles from Mount Vernon High School & Mount Vernon Elementary with More Than 1,000 Students Combined Currently Enrolled
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset