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Restaurant

Starbucks

3121 Regency Ln, Denison, TX 75020

Listing Price: $2,516,000

Cap Rate
4.85%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,143.64
Lease Type
Double Net
Rent Per Square Feet
$55.45

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Starbucks in Denison, Texas. The property consists of a 2,200-square foot, freestanding building that sits on approximately 0.61 acres of land. Starbucks signed a new 10-year lease in 2021, with a 10 percent rental escalation scheduled in five years, as well as each option thereafter. Located along Interstate 75, the subject property has easy on-off access to one of the main highway routes between Dallas, Texas and Durant, Oklahoma. The nearby intersection of Interstate 75 and FM 120 has a combined 56,317 vehicles per day. Surrounding retailers in the immediate area include Walmart Supercenter, McDonald’s, Burger King, CVS, Cotton Patch Café, IHOP, Arby’s, Taco Bell, Schlotzsky’s, Panda Express and many more. The Texas Department of Transportation is planning to make improvements to the Interstate 75 corridor in the cities of Denison and Sherman, Texas. The improvements will include a widening of Interstate 75 and bridge improvements.

Investment Highlights

  • New 10-Year Lease with 10 Percent Rental Escalations Scheduled Every Five Years
  • 2021 Construction
  • Five Miles from Gateway Village, a 255,000-Square-Foot Master Planned Retail Development
  • Easy Access to Interstate 75, A Major Highway Route Between Dallas, Texas and Durant, Oklahoma
  • Near the intersection of Interstate 75 and FM 120 (56,317 VPD)
  • Corporately Guaranteed Starbucks (S&P "A" Credit Rating), with Drive-Thru

Exclusively Listed By

Financing By

Listing Price: $2,516,000

Cap Rate
4.85%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,143.64
Lease Type
Double Net
Rent Per Square Feet
$55.45

Investment Highlights

  • New 10-Year Lease with 10 Percent Rental Escalations Scheduled Every Five Years
  • 2021 Construction
  • Five Miles from Gateway Village, a 255,000-Square-Foot Master Planned Retail Development
  • Easy Access to Interstate 75, A Major Highway Route Between Dallas, Texas and Durant, Oklahoma
  • Near the intersection of Interstate 75 and FM 120 (56,317 VPD)
  • Corporately Guaranteed Starbucks (S&P "A" Credit Rating), with Drive-Thru

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Starbucks in Denison, Texas. The property consists of a 2,200-square foot, freestanding building that sits on approximately 0.61 acres of land. Starbucks signed a new 10-year lease in 2021, with a 10 percent rental escalation scheduled in five years, as well as each option thereafter. Located along Interstate 75, the subject property has easy on-off access to one of the main highway routes between Dallas, Texas and Durant, Oklahoma. The nearby intersection of Interstate 75 and FM 120 has a combined 56,317 vehicles per day. Surrounding retailers in the immediate area include Walmart Supercenter, McDonald’s, Burger King, CVS, Cotton Patch Café, IHOP, Arby’s, Taco Bell, Schlotzsky’s, Panda Express and many more. The Texas Department of Transportation is planning to make improvements to the Interstate 75 corridor in the cities of Denison and Sherman, Texas. The improvements will include a widening of Interstate 75 and bridge improvements.

Exclusively Listed By

Financing By

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