2807 Washington StStephenville, TX 76401

For Sale
$1,452,000

Texas QSR, Corporate Guaranteed Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple interest in a 1,693 sq ft Starbucks in Stephenville, TX. The property boasts a strong corporate-guaranteed net lease with approximately 1.3 years remaining, followed by four 5-year options with 10% rent bumps every five years. Located on a high-traffic US Hwy 377, near Tarleton State University and shadow-anchored by Walmart, this property benefits from high visibility and a strong retail corridor. The building, constructed in 2005, sits on a 25,918 sq ft lot and offers a 6.00% cap rate with a current NOI of $87,120. The property's excellent location, strong tenant, and lease terms make it an ideal investment opportunity, particularly for 1031 exchange purposes. The property is an essential-use business, demonstrating resilience against economic downturns. Surrounding retailers include H-E-B, Hobby Lobby, TJ Maxx, Ross, Tractor Supply Company, Planet Fitness, Old Navy, Ulta Beauty, Walgreens, O'Reilly's Auto Parts, McDonald's, and Chick-fil-A. This Starbucks has enjoyed nearly 20 years of continuous occupancy at this location. The property's prime location and strong tenant history make it a compelling investment.

Highlights

  • $1,452,000 asking price for a Starbucks net lease property.
  • Corporate-guaranteed lease with approximately 2 years remaining.
  • Starbucks (S&P: BBB+ rating) is the tenant.
  • High-traffic location near Tarleton State University (14,000+ students) and US Hwy 377 (25,560+ VPD).
  • 10% rent increases every five years, next increase in 2026.

Property Details for 2807 Washington St

Property type
Other retail properties, Restaurants
Square Feet
1,693 SF
Year Built
2005
Buildings
1
Stories
1
Units
1

Location Insight

City
Stephenville
County
Erath
State
Texas
Latitude
32.2040397
Longitude
-98.2399056
2807 Washington St, Stephenville, Texas

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2807 Washington St
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