Investment Highlights
Corporate Guarantee | Credit Tenant (NYSE: ?SBUX?)
Ease of Circulation | Starbucks equipped with drive-thru and accessibility off Hwy 281 off-ramp (San Pedro Ave.), Chula Vista Dr. and Navato Blvd.
Ideal Retail Demographics | 80,000+ Population and $80,000 Household Income in 3-Mile Radius
Proximate to Major Freeway | Freeway visibility and 138,000+ VPD on Hwy 281
Fee Simple Ownership (Land and Building) | Depreciable Asset
Nearby Retailers include Costco, Walmart Supercenter, Best Buy, McDonald?s, Chick-fil A, HEB Saltgrass Steakhouse and many more
Executive Summary
CBRE is pleased to offer for sale a trophy located Starbucks in San Antonio, TX. Situated in the inviting neighborhoodof Hollywood Park, an affluent community located in San Antonio, the property includes a 2,000 sf single-tenantdrive-thru building on a .65-acre HWY frontage parcel. The property benefits from being strategically located onthe commuter side of HWY 281 which sees over 138,000 VPD. The tenant?s large pylon sign is visible from HWY 281and the property has its own designated off-ramp, and combined with its drive-thru, creates ease of accessibilityand user friendly traffic flow.Starbucks signed a brand new 10 year lease in 2017 and has been operating successfully at this location for thelast 7 years. There are four 5-year options with 10% rental increases, offering a strong hedge against inflation. Theasset offers ideal retail demographics with a population over 80,000, households over 34,000, and householdincome over $80,000 in a 3-mile radius. This property is surrounded by major retailers, including Costco, WalmartSupercenter, Best Buy, McDonald?s, Chick-fil-A, H-E-B, Saltgrass Steak House and many more.
