Starbucks Cypress, TX

12723 Telge Road
Cypress, TX

Price: $2,640,000
Cap Rate: 5.00%
NOI: $132,000
Building Size: Approx. 2,222 Sq. Ft.
Lot Size: Approx. 0.729 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2023

Investment Overview

  • 2023 Construction. 2,222+/- SF Building on 0.729+/- Acre Site
  • Brand New 10 Year Corporate Net Lease w/ 10% Rental Increases in Both Primary Term and Options
  • Excellent Location Along Telge Rd (21K VPD) Near the Intersection of Jarvis Rd (11K VPD) & Telge Rd
  • Subject Property is Located One Block from Cole’s Crossing, an Upscale 2,600 Unit Neighborhood
  • Excellent Income Demos w/ an est. $103,000 Within Three Miles of the Site
  • Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
  • Cypress | Part of the Houston Metroplex | Population: 182,000+