16101 San Pedro Ave Hollywood Park, TX 78232-3044

Property Details for 16101 San Pedro Ave

Year built

2016

Lot size

0.77 lot acres

Property size

1,948 SF

Property type

Drive through restaurants

APN

04991-213-0310

APU

49912130310

Description

This exceptional investment opportunity presents a fee-simple owned, single-tenant Starbucks located at 16101 San Pedro Ave, Hollywood Park, TX 78232. The 2,000 square foot building, constructed in 2016, sits on a 0.65-acre lot with excellent visibility from Highway 281, boasting over 138,000 vehicles per day. The property benefits from a drive-thru and convenient access via its own designated off-ramp. The current lease, a Net Lease (NN+) with a corporate guarantee, commenced April 1, 2017, and has a remaining term of approximately 2.4 years, followed by four 5-year options with 10% rent bumps every five years. The property generates a strong net operating income (NOI) of $130,240, representing a 5.25% cap rate on the asking price of $2,480,762 ($1,240.38 per square foot). The location is surrounded by major retailers, including Costco, Walmart, Best Buy, McDonald's, Chick-fil-A, H-E-B, and Saltgrass Steak House, serving a dense population with high household incomes within a three-mile radius. This is a rare opportunity to acquire a well-performing, established Starbucks in a prime location with significant upside potential. The property is a depreciable asset in a tax-free state.