5333 Buffalo Gap Rd Abilene, TX 79606

Property Details for 5333 Buffalo Gap Rd

Year built

2019

Lot size

8.02 lot acres

Property size

2,806 SF

Property type

Commercial real estate

APN

47558000100

APU

47558000100

Description

This exceptional investment opportunity presents a newly constructed, 2,200 square foot Starbucks located at 5333 Buffalo Gap Rd, Abilene, TX 79606. The property sits on a 0.95-acre lot and boasts a strong 6.00% cap rate with a Net Lease structure providing a stable income stream. The current tenant, a credit-rated corporation with a corporate guarantee, has a lease term of 10.1 years commencing February 9, 2024, and expiring February 28, 2034, with a remaining term of 9.3 years. The lease includes four 5-year renewal options, each with a 10% rent increase. The annual net operating income (NOI) is $151,000, and the asking price is $2,516,665, resulting in a price per square foot of $1,143.94. This single-tenant building, constructed in 2024, benefits from excellent visibility on Buffalo Gap Road, a major north-south corridor in Abilene with high daily vehicle traffic. The property's location within a high-growth area of Abilene, surrounded by several residential neighborhoods, further enhances its long-term value. This is the third Starbucks built in Abilene in the last five years, demonstrating the market's strength and demand for this brand. Ample parking is readily available, ensuring convenient access for customers. The property's strong tenant, long lease term, built-in rent increases, and prime location make this a compelling investment opportunity in a thriving Texas market.