706 N Mccoy Blvd, New Boston, TX

This property, leased to Starbucks, features a new 10-year lease with no early termination, providing stable cash flow and minimal landlord responsibilities. The rare self-maintain lease structure means Starbucks handles all day-to-day maintenance, offering a passive investment opportunity. Rent increases of 10% occur every 5 years throughout the initial term and option periods, hedging against inflation. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX), which holds an S&P credit rating of BBB+ and generated over $36.1 billion in revenue in 2024, with a market cap exceeding $128.3 billion. As the second-largest fast-food chain and the largest coffeehouse globally, Starbucks operates more than 40,000 locations in 87 countries. The property showcases Starbucks' latest prototype design, featuring a modern and aesthetically pleasing building. It includes a 15-car stack drive-thru on a 0.511-acre parcel with 14 parking spaces, designed to handle high customer volume. Located in a high-traffic area with excellent visibility, the property sees over 44,000 vehicles per day on Interstate-30 and over 9,000 vehicles per day on N. McCoy Blvd. The surrounding area has strong demographics, with over 7,000 residents within a 5-mile radius and an average household income exceeding $95,000 annually. The property is situated near 1.85 million square feet of industrial, office, retail, and restaurant space, resulting in a high daytime population of over 300 businesses and 2,700 employees. It is adjacent to a Walmart Supercenter with over 1.72 million visits in the last year. The property is approximately 3.3 miles from the U.S. Army Red River Depot & Reserve Military Base, which employs over 3,500 people and generated over $1.6 billion for the Texas economy in 2023. It is also strategically positioned near the New Boston Crestview & Oakview Elementary Schools, with over 900 students enrolled.