Starbucks + T-Mobile, Port Lavaca, Texas

926 TX-35 no-imageVIEW MAP

Property Information

Price: $3,028,216

Cap Rate: 6.0%
NOI: $181,693
Lease Term: 10 Years
Building Size: Approximately 4,203 Square Feet
Year Built: 2023
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • New Construction Two Tenant Asset with New 10 Year Lease Terms – Stable Cash Flow Asset with Minimal Responsibilities
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Increasing the NOI and Providing a Strong Hedge Against Inflation
  • Two Globally Diversified, Powerhouse Tenants – Starbucks is the Third Largest Fast-Food Chain in the World & the Largest Coffeehouse Brand with More Than 35,000 Locations – T-Mobile is a Leading Mobile-Services Provider with More Than 20,000 Locations in the U.S.
  • Corporately Guaranteed Lease by Starbucks Corporation (NASDAQ: SBUX) with an Investment Grade Credit Rating of “BBB+” by S&P – Over $35 Billion in Revenue in 2023 and a Current Market Cap of More Than $105 Billion
  • Corporately Guaranteed Lease by T-Mobile West, LLC, a Subsidiary of (NASDAQ: TMUS) with an S&P Credit Rating of “BBB+” – Over $79 Billion in Revenue in 2023 and a Current Market Cap of More Than $161 Billion
  • Pride of Ownership Asset – a Modern & Aesthetically Pleasing Property that Features a Drive-Thru Bay & 39 Parking Spaces, Providing the Tenants with the Ability to Handle High Customer Volume
  • Affluent Location with Excellent Demographics – Average Household Income Exceeds $122,000 in a 1-Mile Radius of the Property
  • High Traffic Location with More Than 24,000 Vehicles Per Day on TX Highway 35, the Primary Traffic Artery and Retail Corridor in Port Lavaca
  • Strategically Positioned as a Pad to a Walmart Supercenter That Has Seen More Than 925,000 Visits Over the Last Calendar Year
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset