Starbucks | 16101 San Pedro Ave
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Starbucks 16101 San Pedro Ave
2,000 SF Retail Building San Antonio, TX 78232 $2,480,762 ($1,240.38/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee | Credit Tenant (NYSE: “SBUX”)
- Ease of Circulation | Starbucks equipped with drive-thru and accessibility off Hwy 281 off-ramp (San Pedro Ave.), Chula Vista Dr. and Navato Blvd.
- Ideal Retail Demographics | 80,000+ Population and $80,000 Household Income in 3-Mile Radius
- Proximate to Major Freeway | Freeway visibility and 138,000+ VPD on Hwy 281
- Fee Simple Ownership (Land and Building) | Depreciable Asset
- Nearby Retailers include Costco, Walmart Supercenter, Best Buy, McDonald’s, Chick-fil A, HEB Saltgrass Steakhouse and many more
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale a trophy located Starbucks in San Antonio, TX. Situated in the inviting neighborhood
of Hollywood Park, an affluent community located in San Antonio, the property includes a 2,000 sf single-tenant
drive-thru building on a .65-acre HWY frontage parcel. The property benefits from being strategically located on
the commuter side of HWY 281 which sees over 138,000 VPD. The tenant’s large pylon sign is visible from HWY 281
and the property has its own designated off-ramp, and combined with its drive-thru, creates ease of accessibility
and user friendly traffic flow.
Starbucks signed a brand new 10 year lease in 2017 and has been operating successfully at this location for the
last 7 years. There are four 5-year options with 10% rental increases, offering a strong hedge against inflation. The
asset offers ideal retail demographics with a population over 80,000, households over 34,000, and household
income over $80,000 in a 3-mile radius. This property is surrounded by major retailers, including Costco, Walmart
Supercenter, Best Buy, McDonald’s, Chick-fil-A, H-E-B, Saltgrass Steak House and many more.
of Hollywood Park, an affluent community located in San Antonio, the property includes a 2,000 sf single-tenant
drive-thru building on a .65-acre HWY frontage parcel. The property benefits from being strategically located on
the commuter side of HWY 281 which sees over 138,000 VPD. The tenant’s large pylon sign is visible from HWY 281
and the property has its own designated off-ramp, and combined with its drive-thru, creates ease of accessibility
and user friendly traffic flow.
Starbucks signed a brand new 10 year lease in 2017 and has been operating successfully at this location for the
last 7 years. There are four 5-year options with 10% rental increases, offering a strong hedge against inflation. The
asset offers ideal retail demographics with a population over 80,000, households over 34,000, and household
income over $80,000 in a 3-mile radius. This property is surrounded by major retailers, including Costco, Walmart
Supercenter, Best Buy, McDonald’s, Chick-fil-A, H-E-B, Saltgrass Steak House and many more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
B
Year Built
2016
Price
$2,480,762
Price Per SF
$1,240.38
Cap Rate
5.25%
NOI
$130,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.65 AC
Zoning
District B - General Bus
Parking
20 Spaces
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,640,350 | |
| Land Assessment | $3,192,400 | Total Assessment | $7,832,750 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,192,400
Improvements Assessment
$4,640,350
Total Assessment
$7,832,750
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Starbucks | 16101 San Pedro Ave
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