Starbucks Portland, TX

1304 Wildcat Drive
Portland, TX

Price: $1417000
NOI: $74,400
Building Size: Approx. 1650 Sq. Ft.
Lot Size: Approx. 0.34 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2006

Investment Overview

 

  • STARBUCKS | NASDAQ: SBUX
  • 22,000+ locations | $16.4 billion in rev FY 2014
  • 1,650+/- SF Building on 0.34+/- Acre Site
  • Corporate Net Lease, 10+ Years remaining on primary term (New 10-Year ext. exercised by Starbucks)
  • Located Along Wildcat Dr (14,909 Cars / Day) just N of where Wildcat Dr intersects U.S. 181 (43,657 Cars / Day)
  • Near McDonald’s, Walmart Supercenter, 7-Eleven, Papa Johns,Walgreens, McAlister’s, Chili’s, & Marble Slab
  • 1-Mile Radius: Sun Valley Apts. (120-Units), Lands End Apts. (194-Units), Pavilions at Northshore (336-Units)
  • Mayor Employers: Reynolds Metal Company, Naval Station-Corpus Christi, Gregory-Portland ISD, City of Portland
  • 3-Mile Radius: Est. 484 Businesses w/ Est. 4,189 Employees | 3-Mile Average Household Income: $76,419
  • Portland is 8-Miles N of Corpus Christi & 150-Miles SE of San Antonio, TX

 

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