1328 Hwy 16 S - Fast Food FOR SALE


Graham, TX 76450
$2,387,000 USD
602-687-6650
1328 Hwy 16 S, Graham, TX for Sale
$2,387,000 USD
Fast Food - FOR SALE
1/5
null | 6.2% Cap Rate

1328 Hwy 16 S
Graham, TX 76450


HIGHLIGHTS

  • New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • New 2024 Construction with a Drive-Thru
  • Average Household Income Exceeds $98,000 within an Immediate Distance

OVERVIEW

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Graham, Texas, is a city located in the north-central part of the state. It serves as the county seat of Young County and is part of the larger Wichita Falls Metropolitan Statistical Area. Graham is situated approximately 100 miles west of the Dallas- Fort Worth metroplex, making it accessible for visitors and residents looking for a quieter, rural setting with proximity to major urban areas. It is also about 50 miles south of Wichita Falls and around 70 miles north of the city of Abilene.

FOR SALE DETAILS

PRICE

$2,387,000 USD

PRICE/SF

$1,119 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

1329

ASK ABOUT THIS PROPERTY

Zack HouseMarcus & MillichapMore Info
602-687-6650

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

Zack HouseMarcus & MillichapMore Info
602-687-6650

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