Starbucks 8834 Culebra Rd

Investment Highlights

New 10-Year Corporate Lease to Starbucks (NASDAQ: SBUX) with Scheduled Rental Escalations New 2023 Build-to-Suit Construction with Drive-Thru - Starbucks Drive-Thru Locations Do Approximately 50% Higher Sales Volume than Inline Locations Prominent Retail Location in 7th Most Populous City in the U.S. Investment Grade Tenant Rated Baa1 by Moody's and BBB+ by S&P Population of 356,262 and Average Household Income of $91,366 within a 5 Mile Radius

Executive Summary

The subject property is centrally located with excellent access and visibility at the junction of Culebra Road (32,198 AADT) and Westover Hills Blvd (21,380 AADT). The property benefits from robust demographics with a population of 356,262 and average household income of $91,366 within 5 miles of the site. The property benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, schools, and employers. It is located across from Carimar Square with tenants including Verizon and Subway; Culebra Crossing with tenants including Dollar Tree and McDonald?s; and next door to 7-Eleven and QuikTrip. Nearby retail centers include Cross Creek Shopping Mall featuring H-E-B, Dollar Tree, Rent-A-Center, and H&R Block; Walmart Supercenter, with outparcels including Wendy?s, Discount Tire, and Jersey Mike?s; Shoppes of Culebra, an H-E-B, Hobby Lobby, Home Depot, Party City, and Burlington anchored retail center; Alamo Ranch, featuring Best Buy, Ross Dress for Less, Lowe?s, Target, Michaels, Sephora, and Ulta. Ingram Park Mall is 3 miles from the property and is anchored by Dillard?s, Macy?s and JC Penney. Other retail tenants in the surrounding area include Dairy Queen, Papa John?s, Taco Cabana, Walgreens, CVS, and O?Reilly Auto Parts. The property is located approximately 3 miles from Northwest Vista College, the #1 community college in San Antonio with approximately 16,000 students enrolled. Timberwilde Elementary School (542 students), Raba Elementary School (635 students), Virginia Myers Elementary School (495 students), and Earl Warren High School (3,124 students) are within a 2-mile radius drawing parents, staff, and students to the area. Westover Sports Complex neighbors the site. SeaWorld San Antonio, Hyatt Regency Hill Country Resort & Spa, and the Southwest Research Institute are all within 5 miles of the site.Christus Santa Rosa Hospital-Westover Hills is less than 3 miles from the site. This 150-bed hospital is located on a full-service health care campus and offers a full scope of specialized services including women?s care, in-patient and out-patient surgical, imaging, ICU, and 24/7 emergency care. 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    1,950
• Building Class    B
• Year Built    2023
• Price    2,173,000
• Price Per SF    1,114
• Cap Rate    5.50
• NOI    119,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.03 AC

• Pylon Sign
• Drive Thru