598 Jackson St Jacksonville, TX 75766-2415

Property Details for 598 Jackson St

Year built

1962

Construction

BRICK

Lot size

0.26 lot acres

Property size

16,928 SF

Property type

Commercial real estate

APN

223033000

APU

223033000

Description

This exceptional investment opportunity presents a chance to acquire a brand-new, 2,000 square foot Starbucks located at 598 S Jackson St, Jacksonville, TX 75766. Built in 2022, this Class A property sits on a 0.63-acre lot and boasts a prime hard corner location, shadow-anchored by UT Health General Hospital. The property benefits from high traffic volume, exceeding 20,000 vehicles daily on S Jackson and Nacogdoches Streets. The Starbucks tenant holds a 10-year triple-net (NNN) lease with a corporate guarantee from Starbucks Corporation (NASDAQ: SBUX), ensuring consistent income. The lease includes scheduled rent increases throughout the initial term and four 5-year renewal options, providing long-term stability and growth potential. The current pro-forma net operating income (NOI) is $106,500. Jacksonville, TX is experiencing significant population growth, with a 2.65% increase in city population and a 3.6% increase in Cherokee County population since 2020. This location is strategically positioned, with the next closest Starbucks over 20 miles away, ensuring ideal market coverage and minimal competition. The property's strong location is further enhanced by its proximity to other national retailers, including Chick-fil-A, McDonald's, and more. The asking price for this exceptional investment is $1,936,364. This represents a compelling opportunity to capitalize on the growth of East Texas and the strength of the Starbucks brand. The property's current 100% occupancy and below-average rent compared to similar new developments further solidify its investment appeal. This is a single-tenant, single-story building offering a secure and profitable investment in a thriving market.