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New Starbucks | Visibility to Multiple Hwys 3304 Hwy 37 Bypass hwy 2,421 SF Retail Building Gatesville, TX 76528 $2,402,000 ($992.15/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New 10 Year Lease | Drive-Through Equipped
- (100,000+ SF) Walmart Supercenter | Primary Retail Corridor
- NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Starbucks investment property located in Gatesville, Texas. The tenant, Starbucks, recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,421 SF
Building Class
B
Year Built
2025
Price
$2,402,000
Price Per SF
$992.15
Cap Rate
6.35%
NOI
$152,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.76 AC
Zoning
Commercial
Parking
25 Spaces (10.33 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 138681 | Improvements Assessment | $0 |
| Land Assessment | $6,730 | Total Assessment | $6,730 |
PROPERTY TAXES
Parcel Number
138681
Land Assessment
$6,730
Improvements Assessment
$0
Total Assessment
$6,730
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New Starbucks | Visibility to Multiple Hwys | 3304 Hwy 37 Bypass hwy
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