Starbucks | 103 W Rancier Ave
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Starbucks 103 W Rancier Ave
2,296 SF 4-Star Retail Building Killeen, TX 76541 £1,802,076 (£785/SF) 6% Net Initial Yield
Investment Highlights
- New corporate net lease to Starbucks Corporation with rare self-maintain lease language with tenant responsible for all ongoing maintenance directly
- New building featuring dedicated drive-thru, providing additional customer convenience and boosting sales revenue
- Beneficial proximity to two additional entrance gates to Fort Cavazos - one located along Rifles Lane and another along North 10th Street
- Investment grade tenant, rated “BBB+” by Standard & Poor’s
- This Starbucks is located at the signalized intersection of West Rancier Avenue and North 2nd Street with access to more than 22,530 vehicles
- Fort Cavazos serves a population of about 53,000 active-duty military, civilians, and family members
Executive Summary
Easily-Accessible Location: Located at the signalized intersection of West Rancier Avenue and North 2nd Street (combined 22,530 AADT) with multiple access points into the property
Ideal Nearby Customer Base: Located minutes from multiple entrance gates to Fort Cavazos, the largest active duty armored post in the U.S. Army spanning 214,968 acres (335 square miles) and serving a population of nearly 65,000
Near High-Traffic Institutions: This site is less than 6 miles from AdventHealth Central Texas (a high-performing medical facility with 245 beds and more than 80,000 employees) and Central Texas College (10,173 students)
Located in a Military “Boom Town”: Killeen has experienced significant growth due to the establishment and expansion of Fort Cavazos, which has fueled economic development in Killeen and created numerous opportunities for businesses and entrepreneurs to thrive
Growing Demographics: Within a 15-mile radius of the site, the large and growing population of 305,3963 is supported by an average annual household income of $79,530
(projected to increase by at least 12% over the next 5 years)
Central Location: This Starbucks in Killeen is located 125 miles southwest of Dallas (2023 population of 1,259,404) and 125 miles northeast of San Antonio (2023 population of 1,479,493)
Ideal Nearby Customer Base: Located minutes from multiple entrance gates to Fort Cavazos, the largest active duty armored post in the U.S. Army spanning 214,968 acres (335 square miles) and serving a population of nearly 65,000
Near High-Traffic Institutions: This site is less than 6 miles from AdventHealth Central Texas (a high-performing medical facility with 245 beds and more than 80,000 employees) and Central Texas College (10,173 students)
Located in a Military “Boom Town”: Killeen has experienced significant growth due to the establishment and expansion of Fort Cavazos, which has fueled economic development in Killeen and created numerous opportunities for businesses and entrepreneurs to thrive
Growing Demographics: Within a 15-mile radius of the site, the large and growing population of 305,3963 is supported by an average annual household income of $79,530
(projected to increase by at least 12% over the next 5 years)
Central Location: This Starbucks in Killeen is located 125 miles southwest of Dallas (2023 population of 1,259,404) and 125 miles northeast of San Antonio (2023 population of 1,479,493)
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,296 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
£1,802,076
Price Per SF
£785
Net Initial Yield
6%
NOI
£108,093
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.70 AC
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 55611 | Improvements Assessment | £502,733 |
| Land Assessment | £104,797 | Total Assessment | £607,530 |
PROPERTY TAXES
Parcel Number
55611
Land Assessment
£104,797
Improvements Assessment
£502,733
Total Assessment
£607,530
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Power Broker Michael Yuras -
Power Broker Ryan Forsyth -
Power Broker Vincent Aicale -
Power Broker Scott Crowle -
Cushman & Wakefield
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Starbucks | 103 W Rancier Ave
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