This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Starbucks | New 10yr Corp NN w/ Increases 1804 State Hwy 78 hwy

2,225 SF Retail Building Wylie, TX 75098 $2,792,000 ($1,255/SF) 5.30% Cap Rate

Investment Highlights

  • Brand New 10-Year Lease | Scheduled Rental Increases |Options To Extend
  • Signalized, Hard-Corner Intersection | State Hwy 78 (33,300 VPD) | Excellent Visibility | Significant Street Frontage https://srsre.com/properties/inv
  • Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Walmart Supercenter (190,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Starbucks investment property located in Wylie, Texas. The tenant, Starbucks Corporation, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,225 SF
Year Built
2024
Price
$2,792,000
Price Per SF
$1,255
Cap Rate
5.30%
NOI
$148,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.03 AC
Zoning
CC
Parking
28 Spaces (12.58 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Restaurant
  • Signage
  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-2381-00A-0010-1
Land Assessment
$2,953,991
Improvements Assessment
$0
Total Assessment
$2,953,991
  • Listing ID: 33916903

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 1804 State Hwy 78 hwy, Wylie, TX 75098

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}