Starbucks, New Boston, Texas

706 N. McCoy Blvd no-imageVIEW MAP

Property Information

Price: $2,495,652
Cap Rate: 5.75%
NOI: $143,500
Lease Term: 10 Years
Lease Type: NN
Building Size: Approximately 1,650+/- 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 15-Car Stack Drive-Thru Situated on a 0.511-Acre Parcel Containing 14 Parking Spaces, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location with Excellent Visibility – More Than 44,000 Vehicles Per Day on Interstate-30 & Over 9,000 Vehicles Per Day on N. McCoy Blvd
  • Strong Demographics – Over 7,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $95,000 Annually
  • Over 1.85 Million Square Feet of Industrial, Office, Retail & Restaurant Space within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 300 Businesses & 2,700 Employees
  • Situated Adjacent to a Walmart Supercenter That Has Seen More Than 1.72 Million Visits Over the Last Calendar Year, Bringing Daily Needs Customers Directly Near the Site
  • Approximately 3.3 Miles from the U.S. Army Red River Depot & Reserve Military Base – The More Than 15,375-Acre Facility Directly Employs Over 3,500 People & Generated More Than $1.6 Billion to the Texas Economy in 2023
  • Strategically Positioned Near the New Boston Crestview & Oakview Elementary Schools with More Than 900 Students Currently Enrolled
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset