905 Brazosport Blvd, Freeport, TX 77541
- Retail properties & Spaces
- 2,016 SF
- 0.64 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 905 Brazosport Blvd
- Year built
- 2023
- Lot size
- 0.64 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2023) Starbucks located at 905 N Brazosport Blvd, Freeport, TX 77541. The 2,016 square foot building sits on a 0.639-acre lot and boasts a 15-car stack drive-thru and 30 parking spaces. This Class A property features a 10-year net lease (commencing July 1, 2023, and expiring June 30, 2033) with a corporate guarantee from Starbucks Corporation. The lease includes four additional five-year renewal options, with 10% rent bumps every five years, providing a strong hedge against inflation. The current annual net operating income (NOI) is $124,500, resulting in a 5.75% cap rate and a price per square foot of $1,074.02. The property is zoned Commercial F-1 and benefits from its high-traffic location on N. Brazosport Blvd (TX-288), experiencing over 28,500 vehicles per day. The strategic location near Dow Chemical, Port Freeport, and a significant concentration of industrial, office, restaurant, and retail space within a five-mile radius ensures a robust customer base. This self-maintaining lease minimizes landlord responsibilities, making it an ideal passive investment. The asking price is $2,165,217. This is a rare opportunity to acquire a high-performing, low-maintenance Starbucks investment in a strong Texas 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
- Freeport
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3708
- Latitude
- 28.9685
