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Starbucks, Sachse (Dallas-Fort Worth MSA) , TX

Starbucks, Sachse (Dallas-Fort Worth MSA) , TX


Investment Summary

Price $2,742,000
Cap Rate 5.20%
NOI $142,600
Lease Term 10 years
Lease Type Net, with tenant responsible for all taxes, insurance, and maintenance, excluding roof and structure
Rental Increases 10% every five (5) years in initial term and 7.5% in each option period
Year Built 2024
Building Size +/- 2,200 SF
Lot Size 0.85 acres (36,939 SF)
Status Available
Lead Brokers Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

10-YEAR CORPORATE NET LEASE TO HIGH-QUALITY, INVESTMENT-GRADE TENANT
» 10-year corporate net lease to Starbucks Corporation
» Tenant self-maintains the property, creating a passive Landlord investment
» 10% fixed rental increases every five years in initial term and 7.5% rental increases in option periods
» Investment grade tenant, rated “BBB+” by Standard & Poor’s
» Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 35,711 locations worldwide and $36B in annual revenue

HIGH-VISIBILITY LOCATION ON SIGNALIZED INTERSECTION
» Rare hard-corner location with excellent visibility and access to more than 32,190 vehicles per day at the signalized intersection of Murphy Road and Blackburn Road
» Prime location in a densely populated suburban area surrounded by single family housing developments, creating a stable customer base for the site
» Across the street from a Walmart Neighborhood Market and 7-Eleven, driving traffic into the area and positioning Starbucks to capture significant crossover buyer activity
» Centrally located near several well-attended schools and community hubs including Wylie High School (2,998 students), Sachse High School (2,910 students), C A McMillen High School (1,195 students), Firewheel Golf Park, and several others

AFFLUENT COMMUNITY POISED FOR FUTURE GROWTH
» 266,592 residents live within five miles of the site (23% growth since 2010), creating a stable customer base for the property
» High average annual household income of $183,703 within one mile of the site
» Projected population and AAHI increases within a 1-,3- and 5- mile radii over the next four years poise Starbucks and Sachse for steady concurrent growth
» Gateway to Dallas, the third most-populous city in the state of Texas (1,300,642 residents, visited by over 22 million people annually)

NEW 2024 CONSTRUCTION IN A TAX-FREE STATE
» New high-quality 2024 construction built to latest Starbucks prototype
» Site features dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» Texas has no state income tax, estate tax, or inheritance tax

Property Description

» Easily-Accessible Location: Located at the signalized intersection of Murphy Road and Blackburn Road (combined 32,190 AADT) with multiple access points into the property
» Ideal Nearby Customer Base: Surrounded by single family housing developments such as Provence at Firewheel, Breckinridge Park, Quail Hollow Estates, and Ranch Park Village, providing a built-in customer base
» Near Well-Attended Schools: This site is less than 5 miles from well-attended schools such as Wylie High School (2,998 students), Sachse High School (2,910 students), and C A McMillen High School (1,195 students)
» Located Near Major Thoroughfares: This Starbucks is minutes from State Highway 78, a highway connecting Sachse and Dallas, and President George Bush Turnpike, a controlled-access toll road forming a partial loop around Dallas
» Strong Demographics: Within a one-mile radius of the site, the average annual household income is $183,703 (projected to increase by at least 10% over the next 5 years), while 266,592 residents live within five miles
» Set In A Major MSA: This Starbucks in Killeen is located less than 30 miles northeast of Dallas, the third most-populous city in the state of Texas with 1,300,642 residents and visited by over 22 million people annually)

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