1550 Access Rd Clyde, TX 79510-3345

Property Details for 1550 Access Rd

Year built

2023

Lot size

0.89 lot acres

Property type

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.

Location Insight

City

Clyde

County

Callahan

State

Texas

Longitude

-99.4915

Latitude

32.4131

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments