Starbucks 895 US Highway 271 N

Investment Highlights

10-Year Net Lease to Starbucks (NASDAQ: SBUX) with 10% Scheduled Rental Escalations Nearby Anchor Tenants Include Walmart Supercenter & Dollar Tree Highly Functional Footprint featuring Drive-Thru Component Pandemic-Resistant Use Well Adapted to Drive-Thru & Carry-Out No Early Termination Right New 2023 Build-to-Suit Construction Only Starbucks Location within 18 Mile Radius

Executive Summary

The subject property is prominently located with excellent access and visibility along US-271 (17,589 AADT). Total daytime population within a 5 mile radius is 9,919 and average household income is $72,497. The property benefits from a strategic location in close proximity to Walmart Supercenter, Dollar Tree, and Brookshire?s grocery store, and is the only Starbucks location within an 18 mile radius. In addition, the site is located less than 1 mile from the site of The East Texas Yamboree, one of the oldest continuous festivals in Texas, which draws approximately 100,000 visitors each October.Gilmer, (population 4,843) is the county seat of Upshur County. The city is home to the annual East Texas Yamboree, a four-day celebration of the sweet potato which draws approximately 100,000 visitors to the city each October. The city is located approximately 36 miles northeast of Tyler, 127 miles east of Dallas, and 81 miles west of Shreveport.This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

• Sale Type    Investment NNN
• Sale Condition    Build to Suit
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    2,160
• Building Class    B
• Year Built    2023
• Price    2,216,000
• Price Per SF    1,026
• Cap Rate    5.80
• NOI    128,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.90 AC

• Drive Thru