Starbucks | Brand New Corporate Lease | Investment Opportunity
$2,650,602
208 South Timberland Drive, Lufkin, TX 75901
For Sale
Retail
Restaurant
Active
Last Updated: 01/10/2023
4.15
Cap Rate
110,000
NOI
Details:
Cap Rate: 4.15%
NOI: $110,000
Building Size: 2,210 sqft
Lot Area: 0.63 acres
Occupancy: 100%
Year Built: 2022
Price Per Sqft: $1,199.37
Zoning: TBD
Highlights:
- Conveniently located near major cities like Dallas, Fort Worth, Houston, Beaumont & Shreveport
- Medical and retail hub for 12 counties
- Population of 35,837 / 100,000 daily
- Cost of living is 12% lower than the national average
Description:
Starbucks (the “Property”) is a 2,210 square foot retail property located at 208 S. Timberland Drive in Lufkin, Texas. The Property is a standalone retail development wedged between S. Timberland Drive and Conn Ave, with access points on either side of the Property. The Property was constructed in 2022 and will be in operation soon. The Starbucks has a brand new, 10-Year corporate NN lease with built in base rent escalations after 5 years, including 4, 5-year renewal options. The Property will neighbor a brand-new Murphy Express in the adjacent lot.
Documents:
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Offering Memorandum
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Location
Gallery
