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I-45 & FM 1764
Texas City, TX 77591

Starbucks | New Construction | Houston MSA · Retail Property For Sale

Investment Highlights

  • Corporate Backed Long-Term Lease – Starbucks Corporation signed a new 10-year lease with no early termination clause, scheduled to commence Sept 2021
  • Attractive Rent Increases – lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
  • Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company with over 32,000 location and $26.5 billion in annual revenue
  • Extremely Rare “Self-Maintain” Lease - Starbucks maintains landscaping and parking lot, including sweeping, sealing, and restriping
  • Investment Grade Credit- Starbucks Corporation is rated “BBB+” by Standard & Poor’s

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
2,100 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.07 AC
Zoning
Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3757-0001-0002-000
Land Assessment
$933,227
Improvements Assessment
$1,869,812
Total Assessment
$2,803,038
  • Listing ID: 23622071

  • Date on Market: 2021-07-07

  • Last Updated:

  • Address: I-45 & FM 1764, Texas City, TX 77591

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