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Starbucks | Longview, TX 3620 Estes Pky 1,400 SF Retail Building Longview, TX 75603 $1,867,000 ($1,333.57/SF) 6% Cap Rate
Investment Highlights
- New 10-Year Lease: Rare Starbucks Lease Provision With Tenant Self-Maintaining the Property
- Corporate Lease (NASDAQ: SBUX; S&P: BBB+)
- The Subject Property Features a Drive-Thru, Outdoor Patio Seating, and an Indoor Pick-Up Window
- 10% Rent Increase in Year 6 of the Primary Term
- New Starbucks Prototype; Favorable Café and Drive-Thru Format
- No Income Tax: Texas Is a Non-Income Tax State
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
- -
- -
- -
Starbucks Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
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Starbucks | Longview, TX | 3620 Estes Pky
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