Starbucks | 875 S State Hwy 78
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Starbucks 875 S State Hwy 78
2,210 SF Retail Building Lavon, TX 75166 $3,035,000 ($1,373/SF) 5.35% Cap Rate
Investment Highlights
- Starbucks is responsible for most property-related expenses, providing a passive income stream for the landlord
- Starbucks’ proven business model ensures consistent and reliable income for investors
- Backed by Starbucks Corporation, a globally recognized brand with over 35,000 locations worldwide
- The lease includes an initial 10-year term with four (4) additional five-year renewal options, offering long-term investment stability
Executive Summary
The property is located along State Highway 78, a key commercial corridor with a daily traffic count of 28,354 AADT, offering excellent visibility and exposure to a steady flow of potential customers throughout the day. The property benefits from its proximity to popular destinations like Lake Lavon, which attracts outdoor enthusiasts for boating, fishing, and camping and drives consistent visitor traffic. This Starbucks features the latest prototypical design, incorporating energy-efficient systems and a contemporary layout, minimizing operational costs while creating an inviting and efficient environment for customers. The surrounding area is experiencing rapid residential growth, supported by new developments in Lavon and nearby Wylie, ensuring a broad and diverse customer base of families, professionals, and outdoor tourists. The area boasts an average household income that supports strong consumer spending, providing solid demand for retail services and a stable market for Starbucks. Positioned directly on State Highway 78, the property provides easy access for commuters and residents from Lavon, Wylie, and other nearby communities, ensuring a wide regional reach. Starbucks, a globally recognized and trusted brand, draws loyal customers and ensures the property’s long-term viability, making it a strong and appealing investment opportunity.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,210 SF
Building Class
B
Year Built
2024
Price
$3,035,000
Price Per SF
$1,373
Cap Rate
5.35%
NOI
$162,369
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.90 AC
Parking
32 Spaces (14.48 Spaces per 1,000 SF Leased)
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Starbucks | 875 S State Hwy 78
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