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2405 Salado Drive
Salado, TX 76571
Starbucks · Retail Property For Sale
Investment Highlights
- New 10-Year Corporate Net Lease to Starbucks (NASDAQ: SBUX)
- Favorable Self-Maintain Lease Structure with Minimal Landlord Responsibilities and No CAM
- Population of 291,904 within 15 Miles and Average Household Income of $143,837 within 3 Miles
- Brand New 2026 Construction with Drive-Thru
- Strategic I-35 Frontage Location (88,586 ADT) with New 64-Acre Salado Center Development
- Less than 1 Mile from Salado High School, Currently Undergoing a Major Expansion to Be Completed for the 2026/2027 School Year
Executive Summary
This Starbucks property is strategically located along Interstate 35 (88,586 ADT) within the brand new 64-acre Salado Center development. The site is adjacent to QuikTrip, Taco Bell, and the future Grandview Bank Salado branch, with additional planned commercial and residential components that will further enhance the center’s long-term growth and visibility.
The property is ideally positioned less than one mile from Salado High School, Salado Middle School, and a new elementary school. Salado High School is currently undergoing a new $180 million expansion, which will significantly increase student capacity and is scheduled to open for the 2026–2027 school year. This proximity generates consistent daily traffic from students, parents, and faculty. Additional nearby traffic drivers include Days Inn and Holiday Inn Express, both adjacent to the site, as well as the Salado Club sports fields complex, Mill Creek Golf Club, Anytime Fitness, and other community-oriented destinations.
Salado’s historic downtown and Main Street are located approximately 1.5 miles from the property and serve as a major draw for both residents and visitors. The area features a curated mix of retail shops offering gifts, décor, and antiques, along with art galleries, bars and wineries, coffee shops, and a variety of family-friendly dining options. Downtown also hosts year-round events and is home to the iconic Stagecoach Inn, a Texas landmark established in 1860 and recognized as the second-oldest continuously operating inn or hotel in the state.
The surrounding area continues to experience sustained residential and commercial growth, supported by new luxury master-planned communities including Sanctuary, Stinnett Mill, and Salado Ranch, as well as additional housing developments at Eagle Ranch, Eagle Heights, and Drake’s Landing, contributing to a steadily expanding and affluent consumer base.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
The property is ideally positioned less than one mile from Salado High School, Salado Middle School, and a new elementary school. Salado High School is currently undergoing a new $180 million expansion, which will significantly increase student capacity and is scheduled to open for the 2026–2027 school year. This proximity generates consistent daily traffic from students, parents, and faculty. Additional nearby traffic drivers include Days Inn and Holiday Inn Express, both adjacent to the site, as well as the Salado Club sports fields complex, Mill Creek Golf Club, Anytime Fitness, and other community-oriented destinations.
Salado’s historic downtown and Main Street are located approximately 1.5 miles from the property and serve as a major draw for both residents and visitors. The area features a curated mix of retail shops offering gifts, décor, and antiques, along with art galleries, bars and wineries, coffee shops, and a variety of family-friendly dining options. Downtown also hosts year-round events and is home to the iconic Stagecoach Inn, a Texas landmark established in 1860 and recognized as the second-oldest continuously operating inn or hotel in the state.
The surrounding area continues to experience sustained residential and commercial growth, supported by new luxury master-planned communities including Sanctuary, Stinnett Mill, and Salado Ranch, as well as additional housing developments at Eagle Ranch, Eagle Heights, and Drake’s Landing, contributing to a steadily expanding and affluent consumer base.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
B
Year Built
2026
Price
$4,017,710 CAD
Price Per SF
$1,728.05 CAD
Cap Rate
5.70%
NOI
$228,989 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Parking
27 Spaces (11.61 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 17127 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,275,797 CAD | Total Assessment | $1,275,797 CAD |
Property Taxes
Parcel Number
17127
Land Assessment
$1,275,797 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,275,797 CAD
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