706 N McCoy Blvd - Retail FOR SALE
New Boston, TX 75570 |
$2,495,652 USD
214-380-3670
NO PHOTO
$2,495,652 USD
Retail - FOR SALE
null | 5.75% Cap Rate
706 N McCoy Blvd
New Boston, TX 75570
HIGHLIGHTS
- New 10 Year Lease with No Early Termination – Stable Cash Flow Asset with Minimal Landlord Responsibilities – Four (5-Year) Options to Renew.
- Rare Self-Maintain Lease – Starbucks Handles All Day-to-Day Maintenance, Providing for a Unique, Passive Starbucks Investment.
- 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation.
- Corporately Guaranteed Lease by Starbucks Corporation (NASDAQ: SBUX) with an S&P Credit Rating of BBB+.
- Iconic Global Brand – Starbucks is the Second Largest Fast-Food Chain in the World and the Largest Coffeehouse in the World.
- Pride of Ownership Asset Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property.
FOR SALE DETAILS
PRICE
$2,495,652 USD
PRICE/SF
$1,513 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,231 SF
ZONING
-
APN/PARCEL ID
26140022800
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214-380-3670
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214-380-3670
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