Starbucks | New 10yr Corp NN w/ Increases 1804 State Hwy 78 hwy 2,225 SF Retail Building Wylie, TX 75098 $3,667,057 CAD ($1,648.12 CAD/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Scheduled Rental Increases |Options To Extend
- Signalized, Hard-Corner Intersection | State Hwy 78 (33,300 VPD) | Excellent Visibility | Significant Street Frontage https://srsre.com/properties/inv
- Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Walmart Supercenter (190,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Starbucks investment property located in Wylie, Texas. The tenant, Starbucks Corporation, 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 limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,225 SF
Year Built
2024
Price
$3,667,057 CAD
Price Per SF
$1,648.12 CAD
Cap Rate
5.60%
NOI
$205,344 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
Zoning
CC
Parking
28 Spaces (12.58 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | R-2381-00A-0010-1 | Improvements Assessment | $0 CAD |
| Land Assessment | $4,088,708 CAD | Total Assessment | $4,088,708 CAD |
