Killeen, TX - Black Rock Coffee

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Black Rock Coffee investment property located in Killeen, Texas. The tenant recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The newly constructed site will feature a state-of-the-art design with high-quality materials. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded as a family owned and operated business in Oregon in 2008, Black Rock Coffee Bar has grown to over 180 retail locations in seven states.

Black Rock Coffee is joining the newly developed shopping center commonly known as The Shops at Killeen, alongside national and credit tenants such as Chick-fil-A, Whataburger, Chipotle, and Murphy USA creating a strong and consistent flow of consumers to the site. The site is located on the signalized, hard corner intersection of W Stan Schlueter Loop and Highway 195 with a combined (51,800 VPD). W Stan Schlueter Loop is the major retail thoroughfare serving the city of Killeen. The asset is adjacent to a H-E-B anchored Shopping Center along with Dutch Bros, Panda Express, Burger King, Great Clips, and more. The property is located in the center of a primary retail corridor and is surrounded by numerous national and credit tenants, including Walmart Supercenter, ALDI, Office Depot, Lowe’s, Tractor Supply Co., Hobby Lobby, Pet Supplies Plus, Starbucks, McDonald’s, Jimmy John’s, and Planet Fitness, which significantly strengthens the area’s retail draw and customer activity. The subject property is in close proximity to Ellison High School, a 5A school with over 1,600 students, allowing Murphy USA to benefit from daily commuter traffic from students, teachers and staff. The 5-mile trade area is supported by a population of over 167,000 and 38,000 employees with an average household income of $79,114.

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