1804 State Hwy 78 hwy - Fast Food FOR SALE


Wylie, TX 75098
$2,792,000 USD
949-698-1115
1804 State Hwy 78 hwy, Wylie, TX for Sale
$2,792,000 USD
Fast Food - FOR SALE
1/8
null | 5.3% Cap Rate

1804 State Hwy 78 hwy
Wylie, TX 75098


HIGHLIGHTS

  • Brand New 10-Year Lease | Scheduled Rental Increases |Options To Extend
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard-Corner Intersection | State Hwy 78 (33,300 VPD) | Excellent Visibility | Significant Street Frontage https://srsre.com/properties/inv
  • Walmart Supercenter (190,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence
  • Direct, Affluent Consumer Base | 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 NN leased, Starbucks investment property located in Wylie, 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 10% 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 NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,792,000 USD

PRICE/SF

$1,255 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp NN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

CC

APN/PARCEL ID

R-2381-00A-0010-1

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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