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Starbucks | El Paso, TX 629 N Zaragoza Rd
2,020 SF Retail Building El Paso, TX 79907 £2,061,756 (£1,021/SF) 5.50% Net Initial Yield
Investment Highlights
- Single-Tenant Corporate (NASDAQ: SBUX; S&P: A-) Starbucks Drive-Thru: New 10-year lease; 10% rental increases every 5 years
- High-Traffic Location; Zaragoza Village is Located at One of the Area’s Busiest Intersections at N Zaragoza Rd and N Loop Dr (55,000+ Cars Per Day)
- Minutes Away from the Yselta-Zaragoza Border (5+ Million Annual Border Crossings)
- Strategically Positioned as an Outparcel to Zaragoza Village, an El Super Anchored Shopping Center
- Strong Demographics; 210,860 People Within a 5-Mile Radius
- El Paso is the Largest Metropolitan Area Along the Texas-Mexico Border: The 6th largest city in Texas, El Paso is a top 20% U.S. performing economy
Executive Summary
Property Facts
Amenities
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- NNN
- Aug 2034
Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was there where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | NNN | Aug 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | D382-999-0010-0400 | Improvements Assessment | £3,857,119 |
| Land Assessment | £681,483 | Total Assessment | £4,538,601 |
PROPERTY TAXES
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Starbucks | El Paso, TX | 629 N Zaragoza Rd
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