Restaurant
Starbucks
6023 Andrews Hwy, Midland, TX 79706
Listing Price: $2,683,000
Investment Overview
Marcus & Millichap is pleased to present for sale Starbucks in Midland, Texas. Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.”
Located in the Permian Basin, the nation’s center of oil and gas production, Midland has a thriving economy and is home to many companies in the transportation, advanced manufacturing, and aerospace sectors. Midland is home to over 111,000 people, is the principal city of the Midland metropolitan statistical area, and is the county seat of Midland County, Texas.
Starbucks
Investment Highlights
- New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- 99,419 Residents in Dense Midland Trade Area - Households and Population Projected to Increase 5 Percent in the Immediate Area by 2028
- New 2023 Construction with a Drive-Thru - Site has Over 500 Feet of Drive-Thru Stacking Capability, Developed to Handle High Volume Sales
- Excellent Visibility from TX-191 / Andrews Highway (36,550 Cars per Day)
- Adjacent to Chevron's Mid-Continent Headquarters with 600 Employees, and in Immediate Proximity to Corporate Offices for Other Energy/Oil Companies
Listing Price: $2,683,000
Investment Highlights
- New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- 99,419 Residents in Dense Midland Trade Area - Households and Population Projected to Increase 5 Percent in the Immediate Area by 2028
- New 2023 Construction with a Drive-Thru - Site has Over 500 Feet of Drive-Thru Stacking Capability, Developed to Handle High Volume Sales
- Excellent Visibility from TX-191 / Andrews Highway (36,550 Cars per Day)
- Adjacent to Chevron's Mid-Continent Headquarters with 600 Employees, and in Immediate Proximity to Corporate Offices for Other Energy/Oil Companies
Investment Overview
Marcus & Millichap is pleased to present for sale Starbucks in Midland, Texas. Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” Located in the Permian Basin, the nation’s center of oil and gas production, Midland has a thriving economy and is home to many companies in the transportation, advanced manufacturing, and aerospace sectors. Midland is home to over 111,000 people, is the principal city of the Midland metropolitan statistical area, and is the county seat of Midland County, Texas.
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