Starbucks 3073 N Eastman Rd

Investment Highlights

Recent 10 Year Lease Extension: Demonstrating strong commitment and performance at this location Strong Tenant: Starbucks reported 2023 sales of ?$36 billion, a 11.55% increase from 2022 Proven Location: Successful Starbucks location with 15+ years of operating history located in established and growing trade area Corporate Lease Guaranty: The lease is corporately guaranteed by Starbucks, the largest coffeehouse chain in the world with ?38,038 locations Investment-Grade Tenant and Publicly Traded:Starbucks currently holds an Investment-Grade Standard & Poor?s Credit Rating of BBB+ | (NASDAQ:SBUX) Highly Visible and Easily Accessible: Ideally located with excellent frontage and visibility at the hard-signaled intersection

Executive Summary

CIRE Partners is pleased to present a single-tenant net leased investment opportunity in Longview, Texas. This property is occupied by Starbucks and located at 3073 North Eastman Rd. The site consists of a ?1,750 square foot drive-thru building on a ?1.19 acre corner parcel of land. Starbucks has operated at this location for approximately 15 years and recently extended their lease, demonstrating their commitment to and performance at this location. Starbucks is the largest coffeehouse chain in the world with approximately 33,833 locations. Starbucks is publicly traded (NASDAQ:SBUX) and has an investment-grade Standard & Poor?s rating of BBB+. Starbucks is renowned for its high-quality coffee and exceptional customer service, making it a household name that people return to frequently for their daily caffeine fix. The strategic location of this property is an added advantage, situated in a high-traffic area with significant foot and vehicular traffic flow. This visibility will augment the potential for customer attraction and retention for the Starbucks Coffee location. Situated on a corner signalized intersection with over 44,000 ADT, the property perfectly situated for maximum exposure and accessibility. With this property?s location in Longview TX, the investor can tap into the increasing demand for coffee in the area. There are approximately 9 years remaining on the corporate-backed lease, offering investors a safe and an easy-to-manage passive ownership structure for many years to come.Broker of Record: Congress Realty, Inc. TX License #0561973

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,750
• Building Class    B
• Year Built    2008
• Price    1,680,000
• Price Per SF    960
• Cap Rate    5.62
• NOI    94,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.03
• Land Acres    1.19 AC