Amarillo, TX - Starbucks

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a NNN leased Starbucks property located in the high-growth South Amarillo submarket of Amarillo, Texas. Starbucks Corporation (NASDAQ: SBUX), the global coffee leader with 40,000+ locations, recently signed a 10-year lease with a corporate guaranty. The lease includes (4) 5-year renewal options and features a 10% rent increases in year 6 and 7.5% increases during each option, ensuring long-term, inflation-protected income. Additionally, this NNN lease features limited landlord responsibilities and rare self-maintained terms, Starbucks handles all day-to-day maintenance of the common areas, including landscaping, sweeping, and trash removal, making it an exceptional investment for out-of-state buyers seeking a reliable, low-touch investment backed by a blue-chip tenant.

The property sits near the signalized intersection of S. Georgia Street and SW 58th Avenue (15,700 Combined VPD) and is less than one mile from I-27 (60,400 VPD). It is adjacent to a top-performing Walmart Neighborhood Market (1.1M+ annual visitors) and surrounded by national brands including McDonald’s, Chick-fil-A, and Domino’s. The newly constructed site features drive-thru access and strong frontage. The 5-mile trade area includes over 154,000 residents and 85,000 employees, with average household incomes exceeding
$92,000. Nearby residential communities include Boulder Bay Apartments (224 units) and Georgia Villas II (292 units), supporting consistent daily traffic. South Amarillo is rapidly expanding, with major developments including a 74,000 SF Buc-ee’s travel center, a $30M Coast Packing facility, and Glendale by Blue Haven Homes, a community of 150+ new homes. The Amarillo Economic Development Corporation recently approved multiple commercial and infrastructure projects, reinforcing long-term growth. This offering presents a rare opportunity to acquire a low-touch, credit-backed investment in one of Texas’ most promising growth markets.