7530 Macarthur Blvd Irving, TX 75063-7510

Property Details for 7530 Macarthur Blvd

Year built

1996

Construction

FRAME

Lot size

0.75 lot acres

Property size

2,367 SF

Zone code

Z393

Property type

Drive through restaurants

APN

322777100C0030000

APU

322777100C0030000

Description

This exceptional investment opportunity presents a fee-simple interest (land and building) in a Starbucks located at 7530 N MacArthur Blvd, Irving, TX 75063. The property boasts a brand-new 10-year lease (commencing June 1, 2024, and expiring June 1, 2034) with Starbucks Corporation, a corporate guaranteed tenant, featuring four 5-year renewal options. The 2,630 square foot building, constructed in 1996 and renovated in 2024, sits on a 0.75-acre lot with 37 parking spaces and benefits from a prominent location on a major retail thoroughfare with high visibility and traffic counts exceeding 68,600 vehicles daily. The lease is a Net Lease (NN) structure with limited landlord responsibilities, offering a passive investment opportunity. The lease includes 10% rental increases every five years, providing a hedge against inflation and steadily growing net operating income (NOI) currently at $157,920, resulting in a 5.35% cap rate. The property is strategically positioned near MacArthur Park and MacArthur Crossing shopping centers, anchored by national retailers such as Target, Kroger, Michaels, TJ Maxx, Ross, Sprouts, and Total Wine, further enhancing its desirability and drawing significant consumer traffic. The surrounding area demonstrates strong demographics, with an affluent population and high average household income within a 1-mile radius of $154,239. The asking price is $2,952,000, translating to $1,122.43 per square foot. The property is zoned CC. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant growth potential.

Location Insight

City

Irving

County

Dallas

State

Texas

Longitude

-96.9581

Latitude

32.9087

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments