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 |