Starbucks | 1328 Hwy 16 S
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Starbucks 1328 Hwy 16 S
2,134 SF Retail Building Graham, TX 76450 $2,387,000 ($1,119/SF) 6.20% Cap Rate
Investment Highlights
- New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
- New 2024 Construction with a Drive-Thru
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Average Household Income Exceeds $98,000 within an Immediate Distance
Executive Summary
Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores.
Graham, Texas, is a city located in the north-central part of the state. It serves as the county seat of Young County and is part of the larger Wichita Falls Metropolitan Statistical Area. Graham is situated approximately 100 miles west of the Dallas- Fort Worth metroplex, making it accessible for visitors and residents looking for a quieter, rural setting with proximity to major urban areas. It is also about 50 miles south of Wichita Falls and around 70 miles north of the city of Abilene.
Graham, Texas, is a city located in the north-central part of the state. It serves as the county seat of Young County and is part of the larger Wichita Falls Metropolitan Statistical Area. Graham is situated approximately 100 miles west of the Dallas- Fort Worth metroplex, making it accessible for visitors and residents looking for a quieter, rural setting with proximity to major urban areas. It is also about 50 miles south of Wichita Falls and around 70 miles north of the city of Abilene.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,134 SF
Building Class
C
Year Built
2024
Price
$2,387,000
Price Per SF
$1,119
Cap Rate
6.20%
NOI
$148,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1329 | Improvements Assessment | $260,790 |
Land Assessment | $114,830 | Total Assessment | $375,620 |
PROPERTY TAXES
Parcel Number
1329
Land Assessment
$114,830
Improvements Assessment
$260,790
Total Assessment
$375,620
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Starbucks | 1328 Hwy 16 S
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