Price Reduction - Starbucks (New Build!) SEQ Highway 59 and W. Miller st

SEQ Highway 59 and W. Miller st , Atlanta, Texas, 75551 | 2,134 sq.f | $ 2,204,918

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About This Restaurant

Investment Highlights

Ideal 1031 Exchange Property, Income Tax Free State High Traffic Highway / Shipping Lane (+18,000 VPD) Investment Grade Tenant on a Corporate Lease Minimal Landlord Responsibility (Roof/Structure/Parking Lot w/ Roof Warranty) Only Starbucks within 25 Mile Radius Long Term Lease (10 Years) w/ 10% Rental Increases ever Five Years and in Option Periods

Executive Summary

Prime Realty is proud to present, as the Exclusive Broker, the opportunity to acquire a newly constructed Starbucks in Atlanta, TX. The Property fronts Loop 59, part of the I-69 NAFTA Trade Route and Highway Expansion Project. The Building is leased to Starbucks (investment grade credit) on a NN+ Basis with minimal landlord responsibility (Roof/Structure/Parking Lot), with no option for Early Termination of the Lease.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    2,134
  • Year Built    2024
  • Price    2,204,918
  • Price Per SF    1,033
  • Cap Rate    6.10
  • NOI    134,500
  • Tenancy    Single
  • Building Height    1 Story
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Date Created: 2024-07-16 04:23:45 Last Updated: 2024-07-16 04:23:45
Address: SEQ Highway 59 and W. Miller st , Atlanta, Texas, 75551