Current Use by Public Records
- Retail properties & Spaces
Property Details for 1328 Tx-16
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,134 square foot Starbucks located in Graham, Texas, at 1328 TX-16, 76450. The property boasts a strong 10-year net lease with a corporate guarantee from Starbucks (NASDAQ: SBUX), commencing July 1, 2024, and expiring June 30, 2034. The lease includes a substantial 10% rent increase every five years, providing significant long-term growth potential, and features four, five-year renewal options. Built in 2024, this strategically located QSR includes a drive-thru, catering to the high demand for convenient coffee options. The property sits on a 0.75-acre lot and enjoys 100% occupancy, generating a substantial net operating income (NOI) of $148,000, resulting in a compelling 6.20% cap rate. The asking price is $2,387,000, translating to $1,118.56 per square foot. The location benefits from a strong demographic profile, with average household incomes exceeding $98,000 within close proximity and over 1,000 households within a one-mile radius. The property is also conveniently situated near other national tenants, including Dairy Queen, Dollar Tree, Ace Hardware, Whataburger, and Best Western, ensuring high visibility and foot traffic. This is a rare opportunity to acquire a high-performing, low-risk investment with a blue-chip tenant in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Graham
- County
- Young
- State
- Texas
- Longitude
- -98.5505
- Latitude
- 33.1483
