2990 Main st - Fast Food FOR SALE


Taylor, TX 76574
$2,500,000 USD
949-270-8206
2990 Main st, Taylor, TX for Sale
$2,500,000 USD
Fast Food - FOR SALE
1/10
null | 5% Cap Rate

2990 Main st
Taylor, TX 76574


HIGHLIGHTS

  • 7-Years Remaining | Investment Grade Tenant | Options to Extend
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Outparcel to Taylor Plaza Center (125K SF | 1M+ Annual Visits) | Excellent Visibility & Access on N. Main Street (19K+ VPD)
  • Near Samsung’s New $25B Semiconductor Campus | Austin MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, investment grade (S&P: BBB+), corporate guaranteed (NASDAQ: SBUX) Starbucks investment property located in Taylor, Texas (Austin MSA). The tenant, Starbucks Corporation, signed a new 10-year lease in 2023 with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a hedge against inflation. The lease has minimal landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,282 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | NNN Drive-Thru QSR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

P5

APN/PARCEL ID

R-13-2008-0000-0004

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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