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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
New 10-Year Lease | Covered Land Play With Low Rent | Off I-20; 45,000 CPD
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,400 SF
Building Class
C
Year Built
2022
Price
$1,867,000
Price Per SF
$1,333.57
Cap Rate
6%
NOI
$112,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.87 AC
Opportunity Zone
Yes
Frontage
61’ on Estes Pky
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 6
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