1360 W Beltline Rd, Dallas, TX

This property features a brand new Starbucks location with a 10-year lease and four 5-year options to renew. The lease includes 10% rent increases every 5 years throughout the initial term and option periods. The property is subject to a corporately guaranteed lease by Starbucks Corporation (NASDAQ: SBUX), which holds an S&P credit rating of BBB+. Starbucks, a global brand, is the second-largest fast-food chain and the largest coffeehouse in the world, with over 40,000 locations in 87 countries. The new construction showcases Starbucks' latest prototype design. Equipped with a 15-car stack drive-thru, the property is situated on a 0.756-acre parcel with ample parking. Located on W. Belt Line Rd, the site benefits from high traffic, with over 20,000 vehicles per day, and is near Interstate-35E, which sees an additional 133,565 vehicles per day. The surrounding area has excellent demographics, with more than 109,000 residents within a 5-mile radius and average household income exceeding $104,000 within a 1-mile radius. The property is approximately 2.5 miles from the 84-bed Crescent Regional Hospital and is located directly across from Lancaster Middle School, which has over 1,100 students. The building size is 2,023 square feet. The property is suitable for 1031 exchange asset.