Starbucks - Penitas 2101 Expressway 83 Expy

Investment Highlights

Brand-New High Quality Construction with Drive-Thru Strong Corporate Guarantee 10-Year Corporate Net Lease with 10% Rental Escalations Every 5 Years

Executive Summary

Brand-New High-Quality Construction with Drive-Thru ? Starbucks has a dedicated drive-thru lane while also offering indoor or outdoor seating. The oversized lot has ample parking with excellent ingress / egress10-Year Corporate Net Lease with 10% Rental Increases Every 5 Years ? Allows an investor the opportunity to acquire a net lease asset with limited responsibilities while the rental escalations provide a strong hedge against inflationStrong Corporate Guarantee ? Starbucks is an investment grade tenant with a BBB+ S&P credit rating and $32.3 billion in 2022 annual revenueFeatures Excellent Highway Visibility and Accessibility with Strong Traffic Counts ? The site sits directly off Highway 83 boasting over 38,311 VPD (Source: CBRE Analytics)Densely Developed Residential Market within Penitas ? There are over 113,466 residents within a 7-mile radius of the property with an average household income of $58,123 Best in Class Tenant ? Since its beginning in 1971, Starbucks has opened over 35,000 locations and was recognized by Fortune as the #1 Most Admired Food Services Company in 2023Strategically Located Adjacent to a 201,400 SF Walmart Supercenter with over 2-Million Annual Visitors (Source: Placer.AI)Located Along Major Retail Corridor ? Neighboring national retailers include Chick-fil-A, Walmart Supercenter, T-Mobile, Subway, 7-Eleven,McDonald?s, Whataburger, O?Reilly Auto Parts, Dominos, Murphy USA, Wingstop, Dollar Tree, Denny?s, and many moreBusiness Friendly Climate ? Texas is the World?s 9th Largest Economy, has been the #1 State for Export Trade for 19 consecutive years, and iscurrently the #1 State for Job Creation, Population Growth, and Corporate Expansions/RelocationsTexas has NO State Income Tax

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,244
• Building Class    B
• Year Built    2023
• Price    2,083,000
• Price Per SF    928
• Cap Rate    6
• NOI    125,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.83 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.