824 TX-37 Mount Vernon, TX

This property features a new 10-year lease with no early termination, offering stable cash flow and minimal landlord responsibilities. The lease is a rare self-maintain type, where Starbucks handles all day-to-day maintenance, providing a passive investment. Rent increases by 10% every 5 years throughout the initial term and option periods, offering a hedge against inflation. The lease is corporately guaranteed by Starbucks Corporation (NASDAQ: SBUX), which holds an S&P credit rating of BBB+ and reported over $36.1 billion in revenue in 2024 with a market cap exceeding $128.3 billion. Starbucks is a global brand and the second-largest fast-food chain and largest coffeehouse in the world, with over 40,000 locations in 87 countries. The property showcases Starbucks' latest prototype design. Equipped with a 30-car stack double drive-thru on a 1.19-acre parcel with 30 parking spaces, it can handle high customer volume. The location benefits from high traffic, with over 46,000 vehicles per day on Interstate-30 and over 7,500 vehicles per day on TX-37. Strong demographics include over 4,600 people within a 5-mile radius with an average household income exceeding $110,000 annually. The daytime population includes more than 150 businesses and 1,100 employees within a 5-mile radius. It is approximately 1.3 miles from Mount Vernon High School & Mount Vernon Elementary, which have more than 1,000 students enrolled. The property size is 2,150 square feet.