2807 W Washington St - Fast Food FOR SALE


Stephenville, TX 76401
$1,452,000 USD
469-916-8811
2807 W Washington St, Stephenville, TX for Sale
$1,452,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

2807 W Washington St
Stephenville, TX 76401


OVERVIEW

The EngVest Group is delighted to offer the chance to acquire a fee-simple interest in a single tenant drive-thru Starbucks location at 2807 W Washington St, Stephenville, TX 76401. This investment opportunity provides investors with the chance to secure a corporate-guaranteed NN fee-simple lease with Starbucks, the world's largest coffeehouse company. Starbucks has been a steadfast tenant at this location for nearly 20 years, with approximately 2 years left on the lease after a recent 10 year extension, demonstrating their enduring commitment to the site. Located in a prime spot shadow anchored by Walmart along a heavily trafficked retail corridor in Stephenville, TX, this Starbucks enjoys exceptional visibility along U.S. Highway 377, with over 25,560 vehicles passing by daily. The property boasts ample parking and is meticulously maintained, featuring a modern and attractive facade. The building remains in excellent condition to create a welcoming and convenient environment for customers. Stephenville is a rapidly expanding community with a strong and stable customer base; this Starbucks particularly benefits from its close proximity to Tarleton State University, which enrolls over 14,000 students annually. The property is surrounded by residential neighborhoods, schools, and prominent national retailers, ensuring a steady flow of foot traffic and potential customers. Nearby retailers include Walmart, H-E-B, Tractor Supply Company, McDonald’s, and Chick-Fil-A. This property presents a unique investment opportunity for those seeking to acquire a prime commercial property with Starbucks as an established and successful long-term tenant in a rapidly growing community.

FOR SALE DETAILS

PRICE

$1,452,000 USD

PRICE/SF

$858 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

GC

APN/PARCEL ID

R000072706

ASK ABOUT THIS PROPERTY

Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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Austin CheExp Commercial of California, Inc.More Info
469-916-8811

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