Property profile

1804 State Hwy Wylie, TX 75098

OFF-MARKET
Retail properties & Spaces
2,225 SF 1.03 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 2,225 SF
Lot 1.03 ac (44,867 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1804 State Hwy Wylie, TX 75098
Wylie metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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