Starbucks Harlingen, TX

1521 S Ed Carey Dr
Harlingen, TX

Price: $2,607,066
Cap Rate: 6.00%
NOI: $156,424
Building Size: Approx. 3,078 Sq. Ft.
Lot Size: Approx. 0.61 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2003

Investment Overview

  • 2003 Construction. 3,078+/- SF Building on 0.61+/- Acre Site
  • 8 Years Of Lease Term Remaining, with (2) 5-Year Options to Renew & 10% Rental Increases in the Option Periods
  • Long-Term Commitment | Starbucks Has Been On Site Since 2005 & Renewed Early Multiple Times to Extend Lease Term to 10 Yrs.
  • Heavily Trafficked Location | Located on S Ed Carey Dr (34,024+ VPD), right off of S 77 Sunshine Strip (26,458+ VPD)
  • Strong & Growing Customer Base | 100k+ Residents w/in 5 Mi. of Site | Pop. Expected to Grow by 2%+ Over Next 5 Yrs.
  • Starbucks Operates 40,000+ Stores in 86 Countries and Reported $36.69 Billion in 2024 Revenue
  • Harlingen, TX (Rio Grande Valley) | Ranked as #1 Least Expensive Urban Area in U.S. | Population: 72,515+

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