Starbucks Drive-Thru - Fort Worth, TX | 8651 Anderson Blvd
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Starbucks Drive-Thru - Fort Worth, TX 8651 Anderson Blvd
2,905 SF Retail Building Fort Worth, TX 76120 $4,620,789 CAD ($1,591 CAD/SF) 5% Cap Rate
Executive Summary
- Single-tenant Starbucks drive-thru investment opportunity, featuring a new 10-year lease with 10% rental increases every 5-years and four (4), five (5) year option periods.
- This is a rare lease where Starbucks is responsible for the maintenance of the common area.
- Starbucks has an investment-grade S&P credit rating of BBB+ and operates ±39,477 stores globally (Source: Starbucks.com).
- The Property is an outparcel to a Walmart Supercenter and Sam's Club, and across the street from Lowe's Home Improvement.
Eastchase Market shopping mall is located down the street from the Property with national retailers including Target, ALDI, AMC, Marshall's, Ross Dress for Less, Spec's Wines, Spirits & Finer Foods, McDonald's, AT&T, and more.
- The Property is located on the hard corner of Anderson Blvd and Eastchase Pkwy (±26,955 VPD) and just off I-30 (±134,174 VPD) (Source: TXDOT).
- Texas Health Arlington Memorial Hospital (±369 beds) is located ±9 minutes from the Property (Source: texashealth.org).
AT&T Stadium (±80,000 seats), Globe Life Field (±40,300 seats), and Choctaw Stadium (±48,114 seats) are approximately 12 minutes from the Property.
- The Property is located ±12 minutes from The University of Texas at Arlington (±40,990 Students) (Source: uta.edu).
- This location boasts strong demographics with an average household income of $105,038 and a total population of 76,561 in a 3-mile radius.
- This is a rare lease where Starbucks is responsible for the maintenance of the common area.
- Starbucks has an investment-grade S&P credit rating of BBB+ and operates ±39,477 stores globally (Source: Starbucks.com).
- The Property is an outparcel to a Walmart Supercenter and Sam's Club, and across the street from Lowe's Home Improvement.
Eastchase Market shopping mall is located down the street from the Property with national retailers including Target, ALDI, AMC, Marshall's, Ross Dress for Less, Spec's Wines, Spirits & Finer Foods, McDonald's, AT&T, and more.
- The Property is located on the hard corner of Anderson Blvd and Eastchase Pkwy (±26,955 VPD) and just off I-30 (±134,174 VPD) (Source: TXDOT).
- Texas Health Arlington Memorial Hospital (±369 beds) is located ±9 minutes from the Property (Source: texashealth.org).
AT&T Stadium (±80,000 seats), Globe Life Field (±40,300 seats), and Choctaw Stadium (±48,114 seats) are approximately 12 minutes from the Property.
- The Property is located ±12 minutes from The University of Texas at Arlington (±40,990 Students) (Source: uta.edu).
- This location boasts strong demographics with an average household income of $105,038 and a total population of 76,561 in a 3-mile radius.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,905 SF
Building Class
B
Year Built
2001
Price
$4,620,789 CAD
Price Per SF
$1,591 CAD
Cap Rate
5%
NOI
$231,039 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.74 AC
Zoning
G, Fort Worth
Parking
25 Spaces (8.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 07698909 | Improvements Assessment | $1,621,013 CAD |
| Land Assessment | $1,025,243 CAD | Total Assessment | $2,646,256 CAD |
PROPERTY TAXES
Parcel Number
07698909
Land Assessment
$1,025,243 CAD
Improvements Assessment
$1,621,013 CAD
Total Assessment
$2,646,256 CAD
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Starbucks Drive-Thru - Fort Worth, TX | 8651 Anderson Blvd
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