Starbucks, Lancaster, Texas

1360 W. Belt Line Rd no-imageVIEW MAP

Property Information

Price: $2,181,818
Cap Rate: 5.50%
NOI: $120,000
Lease Term: 10 Years
Lease Type: NN
Building Size: Approximately 2,023 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
  • Brand New Construction, Pride of Ownership Asset Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Equipped with a 15 Car Stack Drive-Thru Situated on a Sizeable 0.756-Acre Parcel with Ample Parking, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location with Excellent Access & Visibility – Over 20,000 Vehicles Per Day on W. Belt Line Rd with an Additional 133,565 Vehicles Per Day on Nearby Interstate-35E
  • Excellent Demographics – More Than 109,000 Residents in a 5-Mile Radius with Average Household Income Exceeding $104,000 within a 1-Mile Radius of the Property
  • Approximately 2.5 Miles from the 84 Bed Crescent Regional Hospital with Over $261 Million in Total Patient Revenue in 2023 and a Staff of More Than 250 Healthcare Professionals
  • Located Directly Across from Lancaster Middle School with More Than 1,100 Students Currently Enrolled
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset