Gatesville, 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 Gatesville, 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 State Highway 36 and E. Main St./U.S. Highway 84, combining to average over 38,650 vehicles passing by daily. State Highway 36, is the major retail thoroughfare serving the city of Gatesville. The Starbucks is located adjacent to a Valero and located across the street from Gatesville Independant School District, the local school district which has over 2,700 students enrolled across PreK-12 grades. The Starbucks is located within walking distance from a 100,000+ square foot Walmart Supercenter, the center also includes Aaron’s Rent To Own, and Little Caesars pads. The Starbucks is located less than 1-mile from a 50,000+ square foot Tractor Supply Co and Bealls anchored shopping center that also includes McDonald’s, Taco Bell, and Subway pads. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Pizza Hut, 7-Eleven, Sonic, HEB, O’Reilly Auto Parts, Dairy Queen, Pizza Hut and many more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 20,568 and 8,051 employees with an average household income of $84,192.