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Black Rock Coffee 540 Stan Schlueter Loop 650 SF 100% Leased Retail Building Killeen, TX 76542 $3,204,000 ($4,929.23/SF) 5.65% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Annual Rental Increases | New Construction | Growing Brand
- The Shops at Killeen | Signalized Hard Corner Location |Dense Retail Corridor | Ellison High School | High Traffic Counts
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Black Rock Coffee investment property located in Killeen, Texas. The tenant recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The newly constructed site will feature a state-of-the-art design with high-quality materials. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded as a family owned and operated business in Oregon in 2008, Black Rock Coffee Bar has grown to over 180 retail locations in seven states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
650 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,204,000
Price Per SF
$4,929.23
Cap Rate
5.65%
NOI
$181,000
Percent Leased
100%
Building Height
1 Story
Lot Size
10.02 AC
Zoning
B-5 - Business District
Parking
27 Spaces (41.54 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 9
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