2101 Expressway 83 Expy - Fast Food FOR SALE


Penitas, TX 78576
$2,174,000 USD
214-252-1031
2101 Expressway 83 Expy, Penitas, TX for Sale
$2,174,000 USD
Fast Food - FOR SALE
1/5
null | 5.75% Cap Rate

2101 Expressway 83 Expy
Penitas, TX 78576


HIGHLIGHTS

  • Brand-New High Quality Construction with Drive-Thru
  • 10-Year Corporate Net Lease with 10% Rental Escalations Every 5 Years
  • Strong Corporate Guarantee

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,174,000 USD

PRICE/SF

$969 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Penitas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

H4250-01-000-0234-00

ASK ABOUT THIS PROPERTY

Jared AubreyCBREMore Info
214-252-1031

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Jared AubreyCBREMore Info
214-252-1031

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