2024 Gulf Fwy | Texas City, TX 77591
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2024 Gulf Fwy
Texas City, TX 77591
Starbucks | New Construction | Houston MSA · Retail Property For Sale
Investment Highlights
- ?Corporate Backed Long-Term Lease – Starbucks Corporation signed a new 10-year lease with no early termination clause, scheduled to commence Sept 2021
- Attractive Rent Increases – lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
- Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company with over 32,000 location and $26.5 billion in annual revenue
- Extremely Rare “Self-Maintain” Lease - Starbucks maintains landscaping and parking lot, including sweeping, sealing, and restriping
- ?Investment Grade Credit- Starbucks Corporation is rated “BBB+” by Standard & Poor’s
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
2,100 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.07 AC
Zoning
Commercial
PROPERTY TAXES
| Parcel Number | 3757-0001-0002-000 | Improvements Assessment | $1,714,700 |
| Land Assessment | $855,810 | Total Assessment | $2,570,510 |
PROPERTY TAXES
Parcel Number
3757-0001-0002-000
Land Assessment
$855,810
Improvements Assessment
$1,714,700
Total Assessment
$2,570,510
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