824 TX-37Mt Vernon, TX 75457
Starbucks | Mount Vernon, Texas
Asset ClassRetail
10 Year Corporate Starbucks with No Early Termination
Overview
- New 10 Year Lease with No Early Termination – Stable Cash Flow Asset with Minimal Landlord Responsibilities – Four (5-Year) Options to Renew
- Rare Self-Maintain Lease – Starbucks Handles All Day-to-Day Maintenance, Providing for a Unique, Passive Starbucks Investment
- 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Iconic Global Brand – Starbucks is the Second Largest Fast-Food Chain in the World and the Largest Coffeehouse in the World with More Than 40,000 Locations in 87 Countries
- Pride of Ownership Asset Featuring Starbucks Latest Prototype Design – a Modern and Aesthetically Pleasing Property
- Equipped with a 30-Car Stack Double Drive-Thru Situated on a Large 1.19-Acre Parcel Containing 30 Parking Spaces, Providing Starbucks with the Ability to Effectively Handle High Customer Volume
- High Traffic Location with Excellent Visibility – More Than 46,000 Vehicles Per Day on Interstate-30 & Over 7,500 Vehicles Per Day on TX-37
- Strong Demographics – Over 4,600 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $110,000 Annually
- High Daytime Population of More Than 150 Businesses & 1,100 Employees within a 5-Mile Radius of the Property
- Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset
Photo Gallery
824 TX-37Mt Vernon, TX 75457
Sales Team
Listing provided by LightBox Revere