Starbucks, Plano, Texas

1288 Custer Rd no-imageVIEW MAP

Property Information

Price: $2,518,181
Cap Rate: 5.50%
NOI: $138,500
Lease Term: 10 Years
Lease Type: NN
Building Size: Approximately 2,223 Square Feet
Year Built: 2023
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • Brand 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 $32.91 Billion in Revenue in 2022 and a Market Cap of Over $113.86 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 35,700 Locations in 84 Countries
  • Relocation Store – 20 Year Successful Operating History at Nearby Inline Location without a Drive-Thru – Repositioning to a Freestanding Building Containing a 15 Car Stack Drive-Thru, Providing Better Convenience & Accessibility for Their Customers
  • New Construction, Pride of Ownership Asset Situated on a 0.695-Acre Parcel Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • High Traffic Location – More Than 18,000 Vehicles Per Day on Custer Rd, Over 18,000 Vehicles Per Day on W. 15th Street & an Additional 193,753 on Nearby US-75
  • Densely Populated, Infill Location with Excellent Demographics – Over 338,000 People within a 5-Mile Radius with Average Household Income Exceeding $152,000 in a 1-Mile Radius of the Property
  • Strategically Positioned Across from Pitman Corners Shopping Center That Has Seen More Than 1.06 Million Visits Over the Prior Calendar Year
  • Approximately 1.5 Miles from the $1 Billion Mixed-Use Redevelopment of Collin Creek Mall – Upon Completion, It Will Contain Over 1.3 Million SF of Office Space, 400K SF of Retail/Restaurant Space, 500 Single-Family Homes, 2,300 Multi-Family Units, a 200 Room Hotel with an Event Center & Over 8-Acres of Parkland & Trails
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset