Starbucks + T-Mobile, Port Lavaca, Texas
926 TX-35
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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 bell@realcapitalinvestments.com 214-380-3670 |
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