Marshall, TX Starbucks NEC Highway 59 & E. Houston Street, Marshall, TX Cap Rate 5% Marshall ( Texas, US ) Built

$1,750,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,000 sq. ft.
  • Development Level: Built
  • Year Built: 2021

Description

Marshall, TX Starbucks NEC Highway 59 & E. Houston Street, Marshall, TX Cap Rate 5%

Cap Rate: 5%
NOI: $87,500
Building Size: 2,000 sqft
Occupancy: 100%
Year Built: 2021

Price: $1,750,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Starbucks investment property located in Marshall, TX. The tenant, Starbucks Corporation, recently executed a brand new 10-year lease with 4 (5-year) option periods to extend. The lease features 10% rental increases in 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Starbucks Corporation, an investment grade (S&P: BBB+), globally recognized and established tenant, with over 25,000 locations. The lease is NNN with landlord responsibilities limited to roof, structure, and foundation. The property is currently under construction and is slated to open in Q1 2021. The building will feature an outdoor patio area and be equipped with a drive-thru, providing ease and convenience to customers.

Starbucks is strategically located at the signalized, hard corner intersection of E Houston St and East End Blvd N. East End Blvd N / U.S. Highway 59 (21,900 VPD) is a primary north/south commuter thoroughfare that provides direct access to multiple interstates and highway systems within the surrounding area. The asset is also located directly across from a Big Lots anchored shopping center with other notable tenants Tractor Supply Co., Aaron’s, and Super 1 Foods Pharmacy, thereby benefitting from crossover traffic. Moreover, the subject property is located within a retail corridor and with several national/credit tenants nearby, including Walmart Supercenter, Lowe’s, Kroger, Walgreens, CVS Pharmacy, and more, further increasing consumer draw to the subject property. The 5-mile trade area is supported by a population of more than 26,400 residents with an average household income of $56,605.

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.