Starbucks, Freeport, Texas

905 N. Brazosport Blvd no-imageVIEW MAP

Property Information

Price: $2,075,000
Cap Rate: 6.00%
NOI: $124,500
Lease Term: 10 Years
Lease Type: NN
Building Size: Approximately 2,016 Square Feet
Year Built: 2023
Status: Just Closed
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • New Construction 10 Year Starbucks with no Early Termination Option – 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 $35.9 Billion in Revenue in 2023 and a Market Cap Currently Exceeding $107 Billion – Recent Stock Jump from New CEO Hire
  • Iconic Global Brand – Starbucks is the Largest Coffeehouse in the World with More Than 38,000 Locations in 84 Countries, Also Making it the Second Largest Fast-Food Chain in the World
  • 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 0.639 Acre Parcel Containing 30 Parking Spaces, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location with Excellent Access & Visibility – Over 28,500 Vehicles Per Day on N. Brazosport Blvd (TX-288) & More Than 11,000 Vehicles Per Day on N. Gulf Blvd
  • Over 12.4 Million Square Feet of Industrial & Office Space and 2.1 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 1,000 Businesses & 10,000 Employees
  • Strategically Positioned Near Dow Chemical, which is Freeport’s Largest Employer with More Than 7,000 Employees
  • Approximately 4 Miles from Port Freeport, which is Currently Ranked 26th in International Tonnage with Over $84.3 Billion in Annual Economic Output, Generating More Than $8.8 Billion in State & Local Tax Revenues Annually
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset