Starbucks Corrigan, TX

609 S Home St
Corrigan, TX

Price: $2,096,000
Cap Rate: 6.50%
NOI: $136,260
Building Size: Approx. 2,221 Sq. Ft.
Lot Size: Approx. 1.164 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2025

Investment Overview

  • 2025 Construction. 2,221+/- SF Building on 1.164+/- Acre Site
  • New Construction Site with 10 Year Corporate Net Lease, 10% Rental Escalation the Primary Term and (4) 5-Year Option Periods
  • High-Traffic Location Near US 59 and US 287 (20,000-30,000 VPD), 60 Miles from Houston
  • Located in a Growing East Texas Trade Area, A Short Drive Away from Houston – Corrigan Serves as a Regional Hub Between Lufkin and Livingston
  • Anchored by RoyOMartin OSB, Corrigan-Camden ISD, and Regional Hospitals
  • Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World, Ranked Most Valuable Brand Globally for 8 Years
  • Corrigan | Official Timber Products Capital of Texas | Population: 1,409+

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