- Single-tenant Starbucks drive-thru investment opportunity, featuring a brand-new 10-year lease with 10% rental increases every 5-years and four (4), five (5) year option periods.
- This is a rare lease where Starbucks is responsible for the maintenance of the common area.
Starbucks has an investment-grade S&P credit rating of BBB+ and operates ±39,477 stores globally (Source: Starbucks.com).
- The Property is located across the street from Angelo State University with ±11,250 students and ±441 faculty (Source: angelo.edu).
- Top national retailers in the immediate area include Chick-fil-A, Chipotle, Raising Cane’s, Cheddar’s Scratch Kitchen, Twin Peaks, and many more.
- Shannon West Texas Memorial Hospital (±600 licensed beds) is located ±7 minutes from the Property (Source: shannonhealth.com).
Goodfellow Air Force Base is located ±12 minutes from the Property. Goodfellow AFB is a joint service base that trains over 9,000 students a year. At any given time, they have 5,000 military, 800 civil service, and 12,000 family members on the installation (Source: military.com).
- San Angelo Airport (SJT) is located ±13 minutes from the Property. SJT has a total economic impact of $124.M on the local community and supports ±1,218 jobs (Source: cosatx.us).