727 Boyd Rd Azle, TX 76020-4811

Property Details for 727 Boyd Rd

Year built

2022

Lot size

0.57 lot acres

Property size

2,250 SF

Property type

Drive through restaurants

APN

3154F-1-1A1

APU

3154F11A1

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,191 square foot Starbucks located in Azle, Texas. The property, built in 2022, sits on a 0.565-acre lot and boasts 32 parking spaces, including an 8-car stack drive-thru. Strategically positioned as an outparcel to a Walmart Supercenter, this location benefits from high traffic counts exceeding 25,000 vehicles daily on Boyd Rd (FM-730), and significant additional traffic on nearby TX-199 and Commerce Street. The property features a modern design and enjoys a 100% occupancy rate under a corporate-guaranteed, Net Lease with Starbucks Corporation (NASDAQ: SBUX). The lease commenced September 5th, 2022, and has a remaining term of 8.3 years, with four additional 5-year renewal options. Rent bumps of 10% every five years provide a strong hedge against inflation. The property's strong demographics, with over 38,000 people within a 5-mile radius and an average household income exceeding $112,000, further enhance its investment appeal. The current Net Operating Income (NOI) is $127,200, representing a 5.50% cap rate on the asking price of $2,312,727. The property is zoned Commercial (HC) and offers significant upside potential given the area's robust growth trajectory, projected to increase by an additional 3.33% by 2027. This is a rare opportunity to acquire a high-quality, income-producing asset in a prime Texas location.

Location Insight

City

Azle

County

Tarrant

State

Texas

Longitude

-97.5441

Latitude

32.9043

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments