Starbucks | NNN Investment

2807 West Washington Street, Stephenville, TX 76401

  • For Sale $1,452,000
  • Property Type Retail - Freestanding
  • Property Size 1,693 SF
  • Lot Size 0.6 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2005
  • Date Updated Nov 13, 2024
Located in a prime spot shadow anchored by Walmart along a heavily trafficked retail corridor in Stephenville, TX, this Starbucks enjoys exceptional visibility along U.S. Highway 377, with over 25,560 vehicles passing daily. The property boasts ample parking and is meticulously maintained, featuring a modern and attractive facade. The building remains in excellent condition to create a welcoming and convenient environment for customers.The ENGVEST Group is delighted to offer the chance to acquire a fee-simple interest in a single-tenant drive-thru Starbucks in Stephenville, TX. This investment opportunity allows investors to secure a corporate-guaranteed NN fee-simple lease with Starbucks, the world's largest coffeehouse company. Starbucks has been a steadfast tenant at this location for nearly 20 years, with approximately 2 years left on the lease after exercising their first option in 2021, demonstrating their enduring commitment to the site.

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Attachments

Highlights

  • Long-Term Occupancy - Almost 20 Years of Success at this Location
  • 2 Years Remaining on Corporately Guaranteed NN Lease w/ Minimal Landlord Responsibilities
  • Strong Corporate Guaranteed Lease by Starbucks (S&P: BBB+Rating)
  • One Mile Away from Tarleton State University Which Enrolls Over 14,000 Students (Fall 2022) - Captive Audience
  • Excellent Location with High-Visibility on US Hwy 377 that sees about 25,560+ VPD
  • 10% Increase Every Option (Next Option Period in 2026) - Strong Hedge Against Inflation
  • Excellent 1031 Exchange Property - Essential Use - Pandemic, Internet, and Recession Resistant
  • Located Along Strong Retail Corridor which Includes Major Retailers like Walmart, H-E-B, Hobby Lobby, TJ Maxx, Ross, Tractor Supply Company, Planet Fitness, Old Navy, Ulta Beauty, Walgreens, O'Reilly's Auto Parts, McDonald's, Chick-Fil-A, and many more

Contacts

broker

Daniel Eng | CCIM

eXp Commercial

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Stephenville, TX
  • Zip Code 76401

Points of Interest

  • Murphy USA

    0.14 miles

  • Food Plaza

    0.36 miles

  • Mobil

    0.46 miles

  • Shell

    0.50 miles

  • H-E-B Fuel

    0.92 miles

  • Taylor"s Gas Station

    1.13 miles

  • Alon

    1.47 miles

  • CEFCO

    1.72 miles

  • Exxon

    2.59 miles

  • Sunoco

    2.59 miles

  • P 41 - Landmark Lot

    1.54 miles

  • P 13

    1.67 miles

  • P 37

    1.72 miles

  • Chili's

    0.03 miles

  • Jack in the Box

    0.06 miles

  • McDonald's

    0.07 miles

  • Whataburger

    0.07 miles

  • Chick-fil-A

    0.09 miles

  • Taco Bell

    0.12 miles

  • McAlister's Deli

    0.13 miles

  • Chicken Express

    0.18 miles

  • Taco Casa

    0.26 miles

  • Cicis

    0.29 miles

  • ALDI

    0.22 miles

  • Walmart Supercenter

    0.24 miles

  • TJ Maxx

    0.40 miles

  • Ross

    0.42 miles

  • H-E-B

    0.90 miles

Frequently Asked Questions

How much does Starbucks | NNN Investment cost?

The space currently listed for sale at Starbucks | NNN Investment asks for $1,452,000.

What is the total square footage of Starbucks | NNN Investment?

Starbucks | NNN Investment totals 1,693 square feet.

When was this property built?

Starbucks | NNN Investment was built in 2005.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Daniel Eng | CCIM

eXp Commercial