1804 State HwyWylie, TX 75098

For Sale
$2,792,000

Wylie, TX: High-Yield Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Starbucks located in Wylie, Texas. The property boasts a 10-year net lease with four 5-year renewal options, ensuring long-term stability and income generation. The lease includes 10% rental increases every five years, providing built-in protection against inflation. Situated on a 1.03-acre lot at a signalized intersection of State Hwy 78 (33,300 VPD), this 2,225 square foot Starbucks enjoys exceptional visibility and high traffic counts. The property features 28 parking spaces and is strategically positioned within a thriving retail corridor, anchored by a major Walmart Supercenter (190,000+ sq ft) and numerous other national retailers, including Home Depot, Tractor Supply Co., and more. The strong demographics of the 5-mile trade area, with over 113,400 residents and an average household income of $152,719, further enhance the investment's appeal. The property's 2024 construction, corporate guarantee, and $148,000 NOI at a 5.30% cap rate, make this a compelling opportunity for passive investors seeking a low-management, high-return investment. The property is zoned CC and has an APN of R-2381-00A-003R-1. This is a truly exceptional opportunity to acquire a fee-simple interest in a prime retail location with a strong national tenant and significant upside potential. The building is 2,225 square feet and sits on a 1.03-acre lot. The property offers limited landlord responsibilities, making it an ideal investment for passive investors.

Highlights

  • Fee simple ownership of a Starbucks with a new 10-year lease, 4 five-year options, and 10% rent increases every five years.
  • Net lease with limited landlord responsibilities.
  • High-visibility location at a signalized intersection of State Hwy 78 (33,300 VPD) with significant street frontage.
  • Located in a strong retail corridor near a 190,000+ sq ft Walmart Supercenter and other national retailers.
  • Serves an affluent 5-mile trade area with over 113,400 residents and a $152,719 average household income.

Property Details for 1804 State Hwy

Property type
Other retail properties, Restaurants
Square Feet
2,225 SF
Year Built
2024
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Wylie
County
Collin
State
Texas
Latitude
33.023524
Longitude
-96.516617
1804 State Hwy, Wylie, Texas

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1804 State Hwy
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