Starbucks

3120 West Stan Schlueter Loop, Killeen, TX 76549

$2,556,000

Cap Rate 5.00%

DOM: 86 Updated: 06.05.23 Posted: 05.09.23 Status: Sold 08.03.23

Summary

Price $2,556,000	Built/Renov 2022	Tenant Starbucks
Cap Rate 5.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 1,950	Lease Start 08-08-2022	#Units 36,000
Price/SF $1,310.77	Expiration 09-30-2032	Tenant Type Fast Food/QSR
NOI $127,800	R. Term 7.3	Ownership Fee Simple
Rent/SF $65.54	Increases 10.0%/4/yrs	Pop 5Mi 139,310
Lot/AC 1.03	Options 4/5yrs/10%	AHHI 5Mi $59,142

Highlights

New construction 2022
The tenant has over 9 years remaining on its current lease term with 4 (5-year) options to extend
Rent increases by 10% at the start of year 5 and increases by 8% at the start of each five-year option period.
Corporate guaranteed by Starbucks Corporation (NASDAQ: SBUX)
Starbucks is an investment grade tenant (S&P: BBB+)

Location Description

This newly constructed Starbucks is located along West Stan Schlueter Loop which sees 30,500 vehicles per day. The site is ideally situated next to a Walmart Supercenter and is surrounded by numerous other national retailers including CVS, KFC, Planet Fitness, Aldi, Dollar Tree and many others. Other traffic draws include Killeen Mall, a regional mall 5 miles northwest of the site, which is a...

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Key Features

New construction
Near major nationals
Strategically located
Major MSA
Income tax free state
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Killeen, Texas Zip Code 76549 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:36,000
Tenant S&P: BBB+
Moody’s: Baa1
Stock:NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	15,957	77,465	146,758
2023 Total Population :	15,688	75,797	142,748
2023 Employed Civilian Pop :	5,894	26,993	46,692
2023 Total Businesses :	165	1,106	2,969
2023 Average Household Income :	$ 72,830	$ 70,611	$ 67,376
2023 Total Consumer Spending :	$ 334 M	$ 1614 M	$ 2853 M
2023 Median Age :	28	28	27
2023 Total Households :	5,300	26,241	48,425
2023 Pop Age 25+: Bachelor's Degree :	1,653	7,389	13,042
2023 Average Home Value :	$ 266,777	$ 219,767	$ 219,941

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Old Copperas Cove Rd	Lonesome Dove Dr	2010	20,000	0.01 mi
West Stan Schlueter Loop	Lonesome Dove Dr	2020	26,190	0.05 mi
Old Copperas Cove Rd	Jake Spoon Dr	2010	30,500	0.15 mi
Wade Dr	Old Copperas Cove Rd	2010	1,320	0.27 mi
Hitchrock Dr	Old Copperas Cove Rd	2010	1,280	0.50 mi
Old Copperas Cove Rd	Judson Ave	2010	20,400	0.52 mi
Littlerock Dr	Agate Dr	2010	3,520	0.63 mi
West Elms Road	Vernice Loop	2021	10,188	0.68 mi
Amethyst Dr	Littlerock Dr	2010	190	0.72 mi
Bridgewood Drive	Black Forest Ln	2021	560	0.75 mi

Listing Broker

Lindsey Snider

Fisher James Capital

Contact

67 Listings
15669 Views
21 Sold

Putnam Daily

Fisher James Capital

Contact

91 Listings
20616 Views
28 Sold

Lindsey Snider

Lindsey Lantis Snider is a Partner at Fisher James Capital, advising institutional and private capital clients on the disposition and acquisition of leased investment properties nationwide. Lindsey has over 15 years of experience specializing in the sale of single tenant retail properties, multi-tenant shopping centers, sale-leaseback portfolio dispositions, and 1031 exchange transactions. Lindsey attended Santa Clara University and holds a Bachelor of Science from the business school with a m

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Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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