Starbucks 2144 Freiheit Rd (FM 1101)

Investment Highlights

10-year corporate net lease to Starbucks Corporation Rare self-maintain language, providing extremely passive Starbucks investment New Braunfels has been ranked the second fastest growing city in the U.S. in recent years Investment grade tenant, rated ?BBB+? by Standard & Poor?s 86,379 residents within a 5-mile radius (60%+ population growth since 2010 and expected to increase by 12%+ by 2028) New high-quality 2024 construction built to latest Starbucks prototype with a dedicated drive thru

Executive Summary

Excellent Location: Located near the signalized intersection of Freiheit Road and Creekside Crossing (combined 31,118 AADT)Near A Major Retail Center: Located minutes from New Braunfels Town Center at Creekside, a shopping center anchored by Target, JCPenney, DICK?s Sporting Goods, Best Buy, and many other large national retailers, generating high foot traffic in the areaIdeal Nearby Customer Base: Beneficial proximity to the Walmart and Sam?s Club Distribution Center (700+ employees), the Continental USA Manufacturing Plant (550+ employees), and the Martin Marietta Manufacturing PlantSurrounded by Residential Communities: This Starbucks is surrounded by single- and multi-family developments, including West Village at Creekside (400+ homesites), Avenues at Creekside (395 luxury apartments), and Bainbridge Creekside (291 apartments), which will drive consistent customer traffic to this new StarbucksGrowing Demographics: Within a 5-mile radius of the site, the large and growing population of 86,379 is supported by a substantially high average household income of $108,390 (both the population and AAHI are projected to increase by at least 12%)

• Sale Type    Investment
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    2,230
• Building Class    B
• LoopNet Rating    4 Star
• Year Built    2023
• Price    2,789,000
• Price Per SF    1,251
• Cap Rate    5.20
• NOI    145,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.39 AC