Starbucks - Net Lease Property for Sale
Harlingen, TX
Key Investment Metrics
Price
$2,607,066
Cap Rate
6.0%
Net Operating Income
$156,424
Building Size
3078 SF
Lot Size
3,078 SF
Land Area
0.61 Acres
Remaining Term
7.6 years
Lease Expiration
07/31/2033
Lease Term
28.1 years
Lease Commencement
07/01/2005
Lease Type
NN+
Tenant Credit
Corporate Guarantee
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
10% in Option Periods
About This Starbucks Net Lease Property
This Starbucks NNN (triple net lease) property is located in Harlingen, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 3078 square feet of building space and was built in 2003.
With a cap rate of 6.0%, this Starbucks net lease property offers stable income potential. The asking price is $2,607,066, making it an attractive option for 1031 exchange investors seeking quality Starbucks commercial properties.
Why Invest in Starbucks NNN Properties?
- Stable Income: Starbucks net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Starbucks is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Harlingen, TX Market Overview
Located in Harlingen, TX, this Starbucks property benefits from strong local demographics and market fundamentals. The Harlingen area offers excellent visibility and accessibility, making it an ideal location for Starbucks operations and a solid investment for net lease property buyers.