1006 Broadway Ave - Restaurant FOR SALE


Gladewater, TX 75647
$2,345,000 USD
914-498-2225
1006 Broadway Ave, Gladewater, TX for Sale
$2,345,000 USD
Restaurant - FOR SALE
1/8
null | 5.65% Cap Rate

1006 Broadway Ave
Gladewater, TX 75647


HIGHLIGHTS

  • Brand New 10-Year Lease | Corporate Signed | Scheduled Rental Increases
  • NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • E Broadway Ave (18,300 VPD) | Drive-Thru Equipped |Near Grocery Anchored Center | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, Starbucks investment property located in Gladewater, Texas. The tenant, Starbucks Corporation recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,345,000 USD

PRICE/SF

$1,052 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

I-2

APN/PARCEL ID

0100005000-052-34-01

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.