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Starbucks 1521 N Ed Carey Dr 3,078 SF Retail Building Harlingen, TX 78550 $2,607,066 ($847/SF) 6% Cap Rate
Investment Highlights
- 2003 Construction. 3,078+/- SF Building on 0.61+/- Acre Site
- Heavily Trafficked Location | Located on S Ed Carey Dr (34,024+ VPD), right off of S 77 Sunshine Strip (26,458+ VPD)
- Starbucks Operates 40,000+ Stores in 86 Countries and Reported $36.69 Billion in 2024 Revenue
- Long-Term Commitment | Starbucks Has Been On Site Since 2005 & Renewed Early Multiple Times to Extend Lease Term to 10 Yrs.
- Strong & Growing Customer Base | 100k+ Residents w/in 5 Mi. of Site | Pop. Expected to Grow by 2%+ Over Next 5 Yrs.
- Harlingen, TX (Rio Grande Valley) | Ranked as #1 Least Expensive Urban Area in U.S. | Population: 72,515+
Executive Summary
8 Years Of Lease Term Remaining, with (2) 5-Year Options to Renew & 10% Rental Increases in the Option Periods
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,078 SF
Building Class
B
Year Built
2003
Price
$2,607,066
Price Per SF
$847
Cap Rate
6%
NOI
$156,424
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.61 AC
Frontage
150’ on Ed Carey Dr
Amenities
- Signage
- Drive Thru
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 150261-0000-001000 | Improvements Assessment | $748,291 |
| Land Assessment | $278,879 | Total Assessment | $1,027,170 |
Property Taxes
Parcel Number
150261-0000-001000
Land Assessment
$278,879
Improvements Assessment
$748,291
Total Assessment
$1,027,170
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Starbucks | 1521 N Ed Carey Dr
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