Starbucks

Highlights:

• Gross Income: $ 142500.0

Description:

Lubbock, Texas, often referred to as the "Hub City," is located in the northwestern part of the state and serves as a cultural and economic center for the region. Known for its rich musical heritage, Lubbock is famously the hometown of legendary rock and roll musician Buddy Holly, and it celebrates this legacy with attractions like the Buddy Holly Center. The city is also home to Texas Tech University, which contributes to its vibrant atmosphere and student population, fostering a lively arts and music scene.

Lubbock's economy is diverse, with strengths in agriculture, education, healthcare, and manufacturing. The city enjoys a semi-arid climate, characterized by hot summers and mild winters, making it suitable for outdoor activities and events. With attractions such as the Lubbock Lake Landmark, a archaeological site, and various parks, Lubbock offers a mix of cultural and recreational opportunities for residents and visitors alike.

In addition to agriculture, education plays a vital role, primarily through Texas Tech University, which is a major employer and economic driver in Lubbock. The university's research initiatives and student population foster a vibrant service sector, including dining, retail, and housing.

Texas Tech University (TTU) is a prominent public research university located in Lubbock, Texas. Established in 1923, it is part of the Texas Tech University System and has grown into one of the largest universities in the state.

TTU offers a comprehensive range of over 150 undergraduate and graduate degree programs across various fields, including engineering, business, education, law, and the arts. The university is renowned for its commitment to research, with several research centers and institutes dedicated to fields such as agriculture, engineering, and health sciences.

For Sale | Starbucks | Lubbock, TX

Cap rate - 6.25%

NOI - $142,450

Approx. 5 years remaining on primary lease term

Tenant has Four (5)-year options to renew at 10% increases in each option

Located across the street from Monterey High School (enrollment of 2,081 students)

Coldwell Banker Commercial Capital Advisors is pleased to offer for sale a Starbucks in Lubbock, TX at the SEQ of 50th Street and Indiana Avenue. The property is leased by Starbucks which is a rated BBB+ by S&P (NYSE: SBUX) and has approximately 5 years remaining on the primary lease term with four (5) year options to renew. The site is located at the strong intersection of 50th & Indiana which boasts a strong traffic count of over 60,000 VPD.

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Listing ID: a49fb482-16ae-4ebd-bede-5e44055d98a8

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