598 S Jackson St

Colliers is pleased to present an exclusive opportunity to acquire ownership of a Starbucks drive-thru located at the hard corner of S Jackson St and San Antonio St in Jacksonville, Texas. The property consists of a ±2,000 SF freestanding building with an updated prototype including a drive-thru and patio area.
Starbucks, located at the hard corner of S Jackson St and San Antonio St in Jacksonville, Texas, began operations in October 2022 and holds a 10-year corporate NNN lease on 0.63 acres of land. During the original term of the lease, there is a built-in ten percent (10%) base rental escalation after 5 years, along with four five-year renewal options that have seven and a half percent (7.5%) rental escalations at the start of each option period.
Jacksonville is a fast-growing town at the crossroads of Highway 79 and Highway 69 in Texas, nearly 30 miles south of Tyler. Jacksonville is part of both the Jacksonville micropolitan statistical area, encompassing all of Cherokee County, and the Tyler– Jacksonville combined statistical area, which includes two counties in East Texas. The population for the statistical area is estimated to be near 300,000 residents and continues to grow. Though the town is relatively small, the Jacksonville area offers a great opportunity for low-cost growth in a quickly expanding part of Texas. Jacksonville provides an affordable environment for growth with a strong workforce, competitive labor rates, development-friendly processes, abundant natural resources, and robust infrastructure and utilities.