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Restaurant

Starbucks w/ Dr-Thru | Infill San Antonio | Prime Location - I-35 | 2023 High Quality Construction

2607 I-35 Frontage Rd, San Antonio, TX 78208

Listing Price: $2,681,480

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,556
Guarantor
Corporate Guarantee
Rentable SF
2,556
Price/Gross SF
$1,049.09
Lease Type
Double Net
Rent Per Square Feet
$52.45

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 8.5% Rental Increases Every 5 Years throughout the Initial Term and at Each Option. Brand New 2023 High Quality Construction w/ 20 Year Roof Warranty.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Easy Access & Excellent Visibility at a Signalized Intersection w/ Daily Combined Traffic Counts of 21k+ Vehicles. Direct Access to I-35.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #120 on the Fortune 500 List with an Annual Revenue of more than $32.25 Billion.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Densely Populated Area: Features more than 324k People Residing within a 5-Mile Radius. The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Located w/in Northeast San Antonio's Industrial & Manufacturing Corridor - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers including H-E-B's Main Industrial Hub in San Antonio and Frito Lay's.
  • The Site Benefits from its Close Proximity to Downtown San Antonio - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Minutes from AT&T Center - a 19k+ Seat, Multi-Purpose Indoor Arena Designed to Accommodate a Wide Range of Events, from Concerts and Conventions to Sporting Events and Family Shows. It is the Home of the San Antonio Spurs. Positioned Down the Street From Fort Sam Houston - a Premier 3,200 Acre Us Army Base Home to 36k+ Active Duty and DoD Civilians, 48k+ Family Members, and 76k+ Retirees - Annual Payroll and Operating Budget of $1.9 Billion.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Starbucks w/ Dr-Thru | Infill San Antonio | Prime Location - I-35 | 2023 High Quality Construction

Listing Price: $2,681,480

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,556
Guarantor
Corporate Guarantee
Rentable SF
2,556
Price/Gross SF
$1,049.09
Lease Type
Double Net
Rent Per Square Feet
$52.45

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 8.5% Rental Increases Every 5 Years throughout the Initial Term and at Each Option. Brand New 2023 High Quality Construction w/ 20 Year Roof Warranty.
  • Positioned Along Area's Major Traffic & Industrial Corridor. Easy Access & Excellent Visibility at a Signalized Intersection w/ Daily Combined Traffic Counts of 21k+ Vehicles. Direct Access to I-35.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #120 on the Fortune 500 List with an Annual Revenue of more than $32.25 Billion.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Densely Populated Area: Features more than 324k People Residing within a 5-Mile Radius. The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Located w/in Northeast San Antonio's Industrial & Manufacturing Corridor - Near Numerous Light Industrial, Manufacturing Plants and Distribution Centers including H-E-B's Main Industrial Hub in San Antonio and Frito Lay's.
  • The Site Benefits from its Close Proximity to Downtown San Antonio - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Minutes from AT&T Center - a 19k+ Seat, Multi-Purpose Indoor Arena Designed to Accommodate a Wide Range of Events, from Concerts and Conventions to Sporting Events and Family Shows. It is the Home of the San Antonio Spurs. Positioned Down the Street From Fort Sam Houston - a Premier 3,200 Acre Us Army Base Home to 36k+ Active Duty and DoD Civilians, 48k+ Family Members, and 76k+ Retirees - Annual Payroll and Operating Budget of $1.9 Billion.

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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