Starbucks Burnet, TX

204 N Water St
Burnet, TX

Price: $2,000,000
Cap Rate: 5.25%
NOI: $105,000
Building Size: Approx. 2,252 Sq. Ft.
Lot Size: Approx. 0.99 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2020

Investment Overview

  • 2020 Construction 2,252+/- SF Building on 0.99 +/- Acre Site
  • New 10-year Corporately guaranteed Net Lease with no early termination clause and 10% rental increases every 5-years
  • Strategically located at the intersection of N. Water St. & Buchanan Dr. (45,000 VPD)
  • Strong retail trade area adjacent to a McDonald’s | Surrounded by national retailers such as Walgreen’s, Dollar General, HEB Grocery and many others
  • 1-mile from Burnet Municipal Airport | 50-miles northwest of Austin, TX | $61,573 average household income within 1-mile
  • Greater Austin (MSA) | Population 1M+ | One of the fastest growing cities in the nation