Starbucks | New 15yr Corp NN | DriveThru 5810 Steiner Ranch Blvd

Investment Highlights

Brand-New 15 Year Lease | Investment Grade | Scheduled Rental Increases | Well-Known & Established Tenant Strong National/Credit Tenants | Dense Retail Corridor | Brand-New Construction | Drive-Thru Equipped Strong Demographics in 5-mile Trade Area | Six-Figure Incomes NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities | No State Income Tax Signalized, Hard Corner Intersection | Heavily Traveled Trade Area | Concordia University Texas (2,658 Students) | Nearby Apartments

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, investment grade (S&P), drive-thru equipped Starbucks investment property located in Austin, Texas. The tenant, Starbucks Corporation, recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor in a state with no state income taxes. Founded in 1971, Starbucks is the premier roaster and retailer of specialty coffee with over 33,000 locations worldwide.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    2,365
• Year Built    2023
• Price    3,300,000
• Price Per SF    1,395
• Cap Rate    5
• NOI    165,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    3.90 AC

• Restaurant
• Signage
• Drive Thru