875 State Hwy 78 Lavon, TX 75166

Property Details for 875 State Hwy 78

Year built

2024

Lot size

0.90 lot acres

Property size

2,230 SF

Zone code

PD

Property type

Commercial real estate

APN

R-13148-00A-0020-1

APU

R1314800A00201

Description

Exceptional investment opportunity: a brand-new, 2024-built Starbucks located in Lavon, Texas, on State Highway 78. This 2,210 square foot, single-tenant net lease property boasts a 10.4-year lease term commencing September 23, 2024, and expiring February 28, 2035, with rent bumps included. The property sits on a 0.9-acre lot and benefits from a corporate guarantee from Starbucks, a globally recognized brand with over 35,000 locations worldwide. The property enjoys a high-traffic location with 28,354 AADT, excellent visibility, and proximity to Lake Lavon, a popular recreational destination. The strong local demographics, including a high average household income, support consistent consumer spending and a stable market for the tenant. This investment offers a 5.35% cap rate and a net operating income (NOI) of $162,369, with an asking price of $3,035,000. The property's modern design incorporates energy-efficient systems, minimizing operational costs. The lease is a NN+ type, meaning the tenant is responsible for most property expenses, providing a passive income stream for the owner. This is a compelling opportunity for investors seeking a stable, long-term investment with a nationally recognized brand in a high-growth area.