Starbucks 325 E Enterprise

Investment Highlights

Brand New 10-Year Net Lease to Starbucks (NASDAQ: SBUX) with 10% Scheduled Rental Escalations Highly Functional Footprint featuring Drive-Thru Component Average Household Income of $111,627 within 3 Miles of Site New 2023 Build-to-Suit Construction 97,152 Daytime Population within a 5 Mile Radius No State Income Tax in Texas

Executive Summary

The subject property is prominently located with excellent access and visibility with frontage along I-35 (95,931 AADT) approximately 7.5 miles from downtown Waco. The site benefits from robust demographics with a total daytime population of 97,152 within a 5 mile radius. Average household income within 3 miles of the site is $111,627.The property benefits from a strategic location in close proximity to a Walmart Supercenter anchored shopping center. Nearby shopping centers include Central Texas Marketplace, anchored by Belk, Kohl?s, JoAnn Fabrics, and Best Buy; Waco Centre, anchored by Academy Sports + Outdoors; Brazos Place Shopping Center, featuring Lowe?s, Planet Fitness, and Half Price Books; and more. Other major retail tenants in the surrounding area include H-E-B, Target, Tractor Supply Company, Hobby Lobby, and Dollar Tree. The site also benefits from close proximity to major employers and medical centers, including Baylor Scott & White Hillcrest, VA Medical Center Waco, and Ascension Providence Hospital.This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    2,382
• Year Built    2023
• Price    2,168,000
• Price Per SF    910
• Cap Rate    5.65
• NOI    122,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    6.34 AC