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2990 Main st
Taylor, TX 76574
Starbucks | NNN Drive-Thru QSR · Retail Property For Sale
Investment Highlights
- 7-Years Remaining | Investment Grade Tenant | Options to Extend
- Outparcel to Taylor Plaza Center (125K SF | 1M+ Annual Visits) | Excellent Visibility & Access on N. Main Street (19K+ VPD)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Near Samsung’s New $25B Semiconductor Campus | Austin MSA
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB+), corporate guaranteed (NASDAQ: SBUX) Starbucks investment property located in Taylor, Texas (Austin MSA). The tenant, Starbucks Corporation, signed a new 10-year lease in 2023 with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a hedge against inflation. The lease has minimal landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,950 SF
Year Built
2022
Price
$2,500,000
Price Per SF
$1,282.05
Cap Rate
5%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.88 AC
Zoning
P5 - Urban Center
Parking
38 Spaces (19.49 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,635,213 | |
| Land Assessment | $2,060,174 | Total Assessment | $6,695,387 |
Property Taxes
Parcel Numbers
Land Assessment
$2,060,174
Improvements Assessment
$4,635,213
Total Assessment
$6,695,387
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