Property Details for 802 Us-90

Year built

2023

Lot size

0.82 lot acres

Property size

2,100 SF

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a brand-new, 2,100-square-foot Starbucks located in Dayton, Texas, at 802 US-90 W, zip code 77535. The property sits on a 0.82-acre lot and boasts 35 parking spaces. Built in 2023, this single-story building features a drive-thru and patio seating, ensuring optimal customer convenience. The property is currently 100% occupied under a 10-year net lease with a corporate guarantee from Starbucks, commencing August 31, 2023, and expiring August 31, 2033. The lease includes attractive 10% rent bumps every five years, providing significant long-term value. The current net operating income (NOI) is $131,000, resulting in a 5.25% cap rate. The asking price is $2,495,000, translating to $1,188.10 per square foot. This prime location benefits from high daily traffic counts exceeding 31,653 vehicles at the signalized intersection of US-Highway 90 and State Highway 146. The property is strategically positioned within a rapidly growing area, with significant residential and commercial development underway, including the massive River Ranch master-planned community and the Gulf Inland Logistics Park, which will bring thousands of new jobs and residents to the area. The property's limited competition within a 15-mile radius further enhances its investment potential. Four, five-year lease options are available. The property is fee simple ownership. The property's location and strong tenant provide a compelling investment opportunity with substantial long-term growth potential.

Location Insight

City

Dayton

County

Liberty

State

Texas

Longitude

-94.9351

Latitude

30.0205