Starbucks 3073 N Eastman Rd

CIRE Partners is pleased to present a single-tenant net leased investment opportunity in Longview, Texas. This property is occupied by Starbucks and located at 3073 North Eastman Rd. The site consists of a ±1,750 square foot drive-thru building on a ±1.19 acre corner parcel of land. Starbucks has operated at this location for approximately 15 years and recently extended their lease, demonstrating their commitment to and performance at this location. Starbucks is the largest coffeehouse chain in the world with approximately 33,833 locations. Starbucks is publicly traded (NASDAQ:SBUX) and has an investment-grade Standard & Poor’s rating of BBB+. Starbucks is renowned for its high-quality coffee and exceptional customer service, making it a household name that people return to frequently for their daily caffeine fix. The strategic location of this property is an added advantage, situated in a high-traffic area with significant foot and vehicular traffic flow. This visibility will augment the potential for customer attraction and retention for the Starbucks Coffee location. Situated on a corner signalized intersection with over 44,000 ADT, the property perfectly situated for maximum exposure and accessibility. With this property’s location in Longview TX, the investor can tap into the increasing demand for coffee in the area. There are approximately 9 years remaining on the corporate-backed lease, offering investors a safe and an easy-to-manage passive ownership structure for many years to come.
Broker of Record: Congress Realty, Inc. TX License #0561973