1550 Access RdClyde, TX 79510

Property Details for 1550 Access Rd

Year built

2023

Lot size

0.89 AC

Property type

Other commercial real estate

APN

R000008850

APU

R000008850

Description

This exceptional investment opportunity presents a newly constructed (2023) Starbucks located at 1550 N Access Rd, Clyde, TX 79510. The property boasts a 2,160 square foot building situated on a 0.88-acre lot. It features a 10-year net lease (commencing September 25, 2023, and expiring September 30, 2033) with a credit-rated, corporate guarantee from Starbucks Corporation. The lease includes a 10% rent increase at year six and four 5-year lease options, each with a 10% increase. The property currently enjoys 100% occupancy, generating a net operating income (NOI) of $134,000 and a 6.00% cap rate. The asking price is $2,233,335, translating to $1,033.95 per square foot. This strategically located property benefits from its proximity to Abilene, Texas (15 miles), a city with a population exceeding 131,000, and is surrounded by other national tenants, ensuring high visibility and traffic. The strong local demographic, with over 6,000 residents within a 5-mile radius, further enhances the long-term investment potential. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant upside potential. The property is classified as Hospitality, Retail, and Special Purpose.

• Alternative Use

  Use

  Valuation

  Residential

  $12,224,943

  Hospitality

  $11,197,982

  Educational

  $9,316,590

  Medical

  $9,637,001

  Retail

  $14,492,473

Location Insight

City

Clyde

County

Callahan

State

Texas

Latitude

32.4131

Longitude

-99.4915

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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