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Highway 290
Giddings, TX 78942
Brand New Starbucks Coffee · Retail Property For Sale
PROPERTY FACTS
ABOUT HIGHWAY 290 , GIDDINGS, TX 78942
ONLY STARBUCKS IN NEARLY 30 MILES: This is the first Starbucks in Giddings, Texas instantly creating demand for the tenant. The closest Starbucks to the west is 28 miles away in in Bastrop and to the east is 33 miles away in Brenham. HIGHWAY LOCATION WITH HIGH TRAFFIC COUNTS: The property is well located along Highway 290, the major thoroughfare between Austin and Houston. This is an ideal highway location for Starbucks, benefiting from high traffic counts of 21,000 cars per day. CORPORATE SIGNATURE: The lease is guaranteed by Starbucks Corporation, an investment grade tenant rated “A-“ by Standard & Poor’s. LOW PRICE POINT FOR STARBUCKS: The attractive purchase price is well below the typical price point for a Starbucks in Texas, the average being $2,074,000, or $1,160 psf – see enclosed Sale Comps. BRAND NEW CONSTRUCTION: The property, currently under construction, will provide an investor piece of mind knowing that they are purchasing a new property with no deferred maintenance. The Landlord Responsibilities under the typical Starbucks lease will have less of an impact.
PROPERTY TAXES
| Parcel Number | 19251 | Improvements Assessment | $936,470 |
| Land Assessment | $304,210 | Total Assessment | $1,240,680 |
PROPERTY TAXES
