Starbucks - Brownsville TX

Description:

RARE Absolute NNN 15-Year Ground Lease | 3-D Printed 2025 Construction | 30-Years of Options with Increases
The tenant recently signed a new 15-year absolute NNN ground lease, offering a hands-free investment property for an out-of-town investor
10% rent increases every 5 years throughout the primary term and (3) 10-year option periods provide a hedge against inflation
New 2025 construction built 100% with 3-D printing technology, the first Starbucks location of its kind


Investment-Grade Tenant (BBB+/Baa1) | World’s Largest Coffee Chain | Top Ranked Company
Investment grade tenant – the corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 40,200 locations across 80 countries, a BBB+/Baa1 credit rating from S&P and Moody’s, and $36B in annual revenue
Ranked #1 in the Food Services Industry and #126 overall on the Fortune 500

Strategic Location | Surrounded by Top National Retailers | Excellent Traffic and Access
Strategically located on Boca Chica Boulevard, a major east-west thoroughfare, between a Walmart Supercenter ranked in the top 94% of all Walmart locations nationwide according to Placer.ai and an H-E-B Grocery, providing a steady customer base
High-traffic location – situated on Boca Chica Boulevard with ~39,000 VPD, two blocks east of I-69 East with ~106,000 VPD
Excellent access and visibility from Boca Chica Boulevard and Los Ebanos with ample parking and drive-through options

Densely Populated and Affluent Trade Area with over 185,000 residents within 5 miles with an average household income over $65,000, projected to increase to over $74,800 by 2029 (~15%)
The Rio Grande Valley has a very strong Hispanic population and cross-border synergy with Matamoros, MX, with a population of more than 540,000
Income Tax-Free State