1521 N Ed Carey Dr - Freestanding FOR SALE


Harlingen, TX 78550
$2,607,066 USD
415-360-8007
1521 N Ed Carey Dr, Harlingen, TX for Sale
$2,607,066 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

1521 N Ed Carey Dr
Harlingen, TX 78550


HIGHLIGHTS

  • 2003 Construction. 3,078+/- SF Building on 0.61+/- Acre Site
  • Long-Term Commitment | Starbucks Has Been On Site Since 2005 & Renewed Early Multiple Times to Extend Lease Term to 10 Yrs.
  • Heavily Trafficked Location | Located on S Ed Carey Dr (34,024+ VPD), right off of S 77 Sunshine Strip (26,458+ VPD)
  • Strong & Growing Customer Base | 100k+ Residents w/in 5 Mi. of Site | Pop. Expected to Grow by 2%+ Over Next 5 Yrs.
  • Starbucks Operates 40,000+ Stores in 86 Countries and Reported $36.69 Billion in 2024 Revenue
  • Harlingen, TX (Rio Grande Valley) | Ranked as #1 Least Expensive Urban Area in U.S. | Population: 72,515+

OVERVIEW

8 Years Of Lease Term Remaining, with (2) 5-Year Options to Renew & 10% Rental Increases in the Option Periods

FOR SALE DETAILS

PRICE

$2,607,066 USD

PRICE/SF

$849 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,558 SF

ZONING

-

APN/PARCEL ID

150261-0000-001000

ASK ABOUT THIS PROPERTY

Todd LewisSecure Net LeaseMore Info
415-360-8007

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Todd LewisSecure Net LeaseMore Info
415-360-8007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.