3904 N McColl Rd
McAllen, TX 78501
Starbucks · Retail Property For Sale

The subject property is a fee simple interest in free-standing corporate Starbucks, with a drive-through window and outdoor seating. It is currently under construction and scheduled to open in the summer of 2016. The initial term of the lease is for ten years. There is a ten percent increase in base rent at the end of the first five years. There are also four / five year options with similar rent escalations. Starbucks reimburses the landlord for real estate taxes, self-insures and is responsible for all repairs and maintenance expenses including landscaping, sweeping and trash. The landlord is responsible for roof replacement and upkeep of foundation and exterior walls. The 2,000 square foot building is located at the intersection of Nolana and McColl (Highway 36) in McAllen, Texas one of the fastest growing MSA' s in the country. The property is an outparcel to a new 41,000 square foot Walmart Neighborhood Market. Across the street is a Walgreens and the headquarters of Lone Star Bank, which has over 33 locations in south Texas. Demographics are strong in the area. The population total is over 100,000 within a three mile radius and while the average household income within a one mile radius is over $73,000.