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2024 Gulf Fwy
Texas City, TX 77591

Starbucks | New Construction | Houston MSA · Retail Property For Sale

Investment Highlights

  • ?Corporate Backed Long-Term Lease – Starbucks Corporation signed a new 10-year lease with no early termination clause, scheduled to commence Sept 2021
  • Attractive Rent Increases – lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
  • Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company with over 32,000 location and $26.5 billion in annual revenue
  • Extremely Rare “Self-Maintain” Lease - Starbucks maintains landscaping and parking lot, including sweeping, sealing, and restriping
  • ?Investment Grade Credit- Starbucks Corporation is rated “BBB+” by Standard & Poor’s

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
2,100 SF
Building Class
B
Year Built
2021
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.07 AC
Zoning
Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3757-0001-0002-000
Land Assessment
£680,727
Improvements Assessment
£1,363,904
Total Assessment
£2,044,631
  • Listing ID: 22840503

  • Date on Market: 26/04/2021

  • Last Updated:

  • Address: 2024 Gulf Fwy, Texas City, TX 77591

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