Brand-New High-Quality Construction with Drive-Thru – Starbucks has a dedicated drive-thru lane while also offering indoor or outdoor seating. The oversized lot has ample parking with excellent ingress / egress
10-Year Corporate Net Lease with 10% Rental Increases Every 5 Years – Allows an investor the opportunity to acquire a net lease asset with limited responsibilities while the rental escalations provide a strong hedge against inflation
Strong Corporate Guarantee – Starbucks is an investment grade tenant with a BBB+ S&P credit rating and $32.3 billion in 2022 annual revenue
Features Excellent Highway Visibility and Accessibility with Strong Traffic Counts – The site sits directly off Highway 83 boasting over 38,311 VPD (Source: CBRE Analytics)
Best in Class Tenant – Since its beginning in 1971, Starbucks has opened over 35,000 locations and was recognized by Fortune as the #1 Most Admired Food Services Company in 2023
Strategically Located Adjacent to a 201,400 SF Walmart Supercenter with over 2-Million Annual Visitors (Source: Placer.AI)
Texas has NO State Income Tax