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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 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| 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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Starbucks | Longview, TX | 3620 Estes Pky
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