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    3620 Estes Pkwy Longview, TX 75603

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    For Sale
    $2,238,660

    New construction Starbucks with drive-thru, corporate net lease, limited landlord responsibilities.

    Property size:
    1,400 SF
    Lot size:
    0.89 Acres

    Property Features for 3620 Estes Pkwy

    General Information

    Size
    1,400 SF
    Lot size
    0.89 Acres

    Source: The Woodmont Company - Corporate Agent Russel Wehsener

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Longview Starbucks with Drive-Thru

    This property features a new construction Starbucks prototype building. The location is the only Starbucks with a drive-thru and direct access to I-20 for over 40 miles. The corporate net lease has limited landlord responsibilities and a new 10-year term, including a 10% increase occurring in the 6th year. There are also four 5-year options with 7.5% increases for each option. The tenant, Starbucks (Nasdaq: SBUX, S&P credit rated BBB), is recognized as the #1 Most Valuable Restaurant Brand in the World (QSR Mag. 2021). The property benefits from a location in Texas, a non-income tax state. The 1,400 square foot building benefits from no early termination right or rent abatement due to force majeure or pandemic related, governmental closings. Over 75% of sales came from the drive-thru in 2020, leading to Starbucks introducing a new drive-thru only prototype.
    Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Wholesale Shop Dental Office Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks, Longview Burger Mart

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7189562
    Latitude
    32.4442603

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    FAQs

    What type of property is this?
    Coffee shop - New construction Starbucks with drive-thru, corporate net lease, limited landlord responsibilities.
    Where is this coffee shop located?
    The property is located at 3620 Estes Pkwy Longview, TX.
    What is the asking price?
    The asking price for this property is $2,238,660.
    What are key features of this property?
    This property features: - Only Starbucks off I-20 for 40 miles: Direct access to I-20.; - National Tenant: Starbucks (Nasdaq: SBUX, S&P: BBB) is the #1 Most Valuable Restaurant Brand.; - Corporate Net Lease: New 10-year lease with a 10% increase in year 6, plus four 5-year options with 7.5% increases each.
    (619) 823-0253
    Request Owner's contact information
    3620 Estes Pkwy Longview, TX 75603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3620 Estes Pkwy Longview, TX 75603
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