1002 Tyler St, Athens, TX 75751

Property Details for 1002 Tyler St

Year built

2023

Lot size

1.30 lot acres

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a 952 square foot Dutch Bros Coffee located at 1002 E Tyler St, Athens, TX 75751. The property boasts a 15-year absolute NNN lease commencing October 13, 2023, with a 10% rent increase every five years, providing significant long-term income stability. The property sits on a 1.3-acre lot in a high-traffic retail corridor, surrounded by other major fast-food chains like Hwy 55, Dairy Queen, Panda Express, and Starbucks, ensuring high visibility and accessibility. The location benefits from its proximity to Athens Village Shopping Center and significant educational institutions, including Trinity Valley Community College, Athens High School, and Central Athens Elementary School, creating a reliable customer base. With a 5.65% cap rate and a net operating income (NOI) of $123,695, this property offers a compelling return on investment. The strong tenant, Dutch Bros Coffee, a publicly traded company (NYSE: BROS), is experiencing rapid growth, further enhancing the investment's potential. The property's location within a growing area, with projected population and income increases, ensures long-term value appreciation. This is a rare opportunity to acquire a high-performing, net-leased property with a strong tenant and significant upside potential. The property was built in 2023 and enjoys excellent visibility on East Tyler Street (15,854 AADT). The 17,436 residents within a five-mile radius, boasting an average annual household income of $68,813, contribute to a robust and reliable customer base. This property is ideal for 1031 exchange investors seeking a secure and profitable investment.

Location Insight

City

Athens

County

Henderson

State

Texas

Longitude

-95.838801315412

Latitude

32.205782565256