Starbucks Angleton, TX

1203a North Velasco Street
Angleton, TX

Price: $2,368,000
Cap Rate: 4.85%
NOI: $114,835
Building Size: Approx. 2,103 Sq. Ft.
Lot Size: Approx. 0.657 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2022

Investment Overview

  • 2022 Construction. 2,103+/- SF Building on 0.657+/- Acre Site
  • New Construction 10 Year Corporate Net Lease Site w/ 10% Rental Increases Every 5 Years
  • High-Traffic Location off of North Velasco Street (32K VPD) Near State Hwy 288
  • Near Walmart Supercenter, O’Reilly Auto Parts, Kroger, Tractor Supply Co., etc.
  • Strong Income Demographics w/ est. $96,353 within a 1-Mile Radius
  • Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
  • Angleton | Part of the Houston-Woodlands-Sugar Land MSA | Population: 19,000+