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Starbucks | Longview, TX 3620 Estes Pky 1,400 SF Retail Building Longview, TX 75603 $2,616,526 CAD ($1,868.95 CAD/SF) 6% Cap Rate
Investment Highlights
- New 10-Year Lease: Rare Starbucks Lease Provision With Tenant Self-Maintaining the Property
- Corporate Lease (NASDAQ: SBUX; S&P: BBB+)
- The Subject Property Features a Drive-Thru, Outdoor Patio Seating, and an Indoor Pick-Up Window
- 10% Rent Increase in Year 6 of the Primary Term
- New Starbucks Prototype; Favorable Café and Drive-Thru Format
- No Income Tax: Texas Is a Non-Income Tax State
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
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- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
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Starbucks | Longview, TX | 3620 Estes Pky
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