1804 State Hwy Wylie, TX 75098

Property Details for 1804 State Hwy

Year built

2024

Lot size

1.03 lot acres

Property size

2,225 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new Starbucks located in Wylie, Texas. The property boasts a 10-year net lease with four 5-year renewal options, ensuring long-term stability and income generation. The lease includes 10% rental increases every five years, providing built-in protection against inflation. Situated on a 1.03-acre lot at a signalized intersection of State Hwy 78 (33,300 VPD), this 2,225 square foot Starbucks enjoys exceptional visibility and high traffic counts. The property features 28 parking spaces and is strategically positioned within a thriving retail corridor, anchored by a major Walmart Supercenter (190,000+ sq ft) and numerous other national retailers, including Home Depot, Tractor Supply Co., and more. The strong demographics of the 5-mile trade area, with over 113,400 residents and an average household income of $152,719, further enhance the investment's appeal. The property's 2024 construction, corporate guarantee, and $148,000 NOI at a 5.30% cap rate, make this a compelling opportunity for passive investors seeking a low-management, high-return investment. The property is zoned CC and has an APN of R-2381-00A-003R-1. This is a truly exceptional opportunity to acquire a fee-simple interest in a prime retail location with a strong national tenant and significant upside potential. The building is 2,225 square feet and sits on a 1.03-acre lot. The property offers limited landlord responsibilities, making it an ideal investment for passive investors.

Location Insight

City

Wylie

County

Collin

State

Texas

Longitude

-96.5166

Latitude

33.0235