Ingleside, TX - Starbucks

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Starbucks investment property located in Ingleside, Texas. The tenant, Starbucks, recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The Starbucks is located near the signalized, hard corner intersection of Farm to Market Rd. 1069 and State Highway 361, combining to average over 30,900 vehicles passing by daily. State Highway 361, is the major retail thoroughfare serving the city of Ingleside. The Starbucks is located adjacent to a HEB center that also includes an HEB Fuel and a Domino’s pad. The Starbucks is located less than 6-miles from a 100,000+ square foot Walmart Supercenter and Acadedmy Sports anchored shopping center, the center also includes Chili’s, KFC, Firehouse Subs, and GameStop pads . In addition, Starbucks is less than a 6-mile drive from Wildcat Plaza, a 75,000+ square foot shopping center that features national/credit tenants including Wing Stop, Domino’s, Planet Fitness, Dollar Tree, Papa John’s, and many more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Taco Bell, Subway, Dollar Tree, Valero, Dairy Queen, Pizza Hut, Whataburger, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 21,135 and 7,329 employees with an average household income of $86,110.